US economy: Why the stock market feels immune to the pandemic - News Summed Up

US economy: Why the stock market feels immune to the pandemic


The stock market is never exactly indicative of the economy, but right now the stock market seems to be operating on its own planet. WHAT MATTERS: I've read in your reporting and elsewhere that the stock market is not the economy. Wall Street is looking past the intensifying pandemic, and weakening economy, and focusing on six months out. EGAN: Just like during the Great Recession, the pandemic did rock the stock market. That means the stock market can go up even while mom-and-pop shops like restaurants are going dark at an unprecedented pace.


Source: CNN December 12, 2020 14:03 UTC



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