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President Donald Trump claimed that "everybody's profiting" from recent market rallies — a statement that runs into a structural obstacle: a large share of U.S. households carry no equity exposure whatsoever.
Without stock ownership, a rising market generates no balance-sheet gain for those households. The Ownership Gap Equity markets reward shareholders.
households own no shares, bull market wealth creation accrues to those who do — a population concentrated at the top of the income distribution. The source frames the primary beneficiaries plainly: the 1%.
What Trump Said Trump made the claim in the context of recent market rallies, framing the gains as broadly shared.
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