When was the last time the economy shrank while the stock market was making new all-time highs? Anyone remember?
When was the last time the media used the phrase
“Recovery for Wall $treet but not Main Street”
hint: pre-2009
The stock market is totally disconnected from national economic reality ever since the Fed started pumping $85 billion per month into T-Bills and stock market Mortgage Backed Securities when Obama began his reign back in 2009.
5 years at over $1T/ year pumped into a phony legitimization of the national debt and the stock market.
They’ve recently reduced that to only $75B per month, but it’s still enough to keep the Stock Exchange humming.
Economy and stock market are now separate entities in my book, have been for 5 years.