Wall Street vs Main Street: The Stock Market Is Not The Economy

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In 2020, the stock market and the economy had a very public break up. The Wall Street vs Main Street divide – the gap between America’s financial markets and the economy – was growing. By the end of the year, the S&P 500 Index closed at a record high. In contrast, 20 million Americans remained unemployed, up from 2 million at the start of the year. [soros] Q3 2021 hedge fund letters, conferences and more Was 2020 an outlier, or does the performance of the stock market typically diverge from the economy? In this Markets in a Minute chart from New York Life Investments, we show U.S. economic gro…

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