BREAKING: Households, mutual funds, pension funds, and foreign investors’ allocation to US equities is up to a record 55%. This marks a 4 percentage point increase over the last 6 months. By comparison, this percentage was ~51% at the peak of the 2000 Dot-Com Bubble. As a result, investors now allocate just 13% of their financial assets to cash, near an all-time low. Allocation to debt instruments, such as bonds, fell to 17%, the lowest since the 1980s. Investors are all-in on US stocks.(The Kobeissi Letter)