The stock market is not the economy, exhibit 3,443.62
The S&P 500 closed at another record high today at 3,443.62. The NASDAQ hit a record high, too. The Dow is well on its way. But the pandemic keeps taking lives, new unemployment claims rose again, and consumer confidence has taken a dive. If you listen to our show, you know we’re fond of saying, “The stock market is not the economy.” Because it isn’t. So what is going on? To find out, we called up New York Times markets reporter Matt Phillips. After the interview, we’ll debate the fracas at Syracuse University and the pros and cons of an astroid hitting our planet. Plus, a bunch of listeners wrote in to tell us what the pandemic isn’t screwing up for them; we’ll share some of their answers.
