Branches of K-Shaped Economy Diverging Even Wider: Clarida

Richard Clarida discusses the K-shaped US economy, explaining that the divergence between asset-owning households and those without stocks or homes has widened over the past six to seven years. He offers no actionable trading calls but provides a macro framework describing the economic split. - Clarida endorses the K-shaped economy view, saying it has existed for some time - The two branches have diverged further over the last 6-7 years - Roughly 60% of Americans live in owner-occupied housing and most own stocks - About 40% rent and do not hold much in equities - Rising stock and house prices have benefited the top of the K - Those in the lower branch, living paycheck to paycheck, have had a tough six years