This U.S. stock market metric just hit recession levels

Core Insights - The U.S. stock market is at new highs, but consumer confidence is at recession-level lows, indicating a disconnect that suggests underlying market fragility [1][3][5] - The median value of stock market investments has exceeded $300,000 for the first time, tripling since April 2020, reflecting inflated personal balance sheets despite weak household sentiment [2][4] - Consumer sentiment is currently lower than during the troughs of all eleven U.S. recessions since the 1950s, highlighting a reliance on inflated asset values rather than genuine income growth [3][5] Market Analysis - The steep increase in median equity values since the pandemic has broken the historical pattern where wealth and sentiment typically move together during downturns [4] - Divergences between wealth metrics and real economic sentiment often occur near market peaks, raising concerns about the sustainability of current valuations [5][6] - Despite the S&P 500 reaching new highs above 6,700, there remains caution among some Wall Street analysts regarding the broader market outlook [8]