S&P 6K

The Stock Market is not the Economy. The Economy is not the Stock Market. To be sure, there are definite overlapping influences, no question. But they are both completely separate entities. At times they move in tandem. Other times, they move in opposite directions. The Market is forward looking. It anticipates events and prices in those expectations in advance. Of course, there are events that are difficult if not impossible to predict. Covid is an example. September 11th is another. Presently, the Economy is showing signs of slowing while the Stock Market keeps rising back near all-time highs.  This is a period of disconnection between the two.