Market snapshot: U.S. household median stock holdings just crossed the $300K threshold—a historic peak. This data point tells us something bigger about liquidity flows and retail participation in equity markets. When household wealth concentrates this heavily in equities, it signals elevated risk appetite across the board. The implications ripple through all asset classes, including crypto. Higher household equity exposure typically correlates with institutional and retail dry powder shifting between traditional and alternative investments. Worth monitoring as a macro indicator of where capital allocation stands heading into the next cycle.