Bad news for the economy. Market is going to new highs today
The top 1% in American own more than 50% of the securities. Using the stock market as any sort of proxy for aggregate quality of life for all Americans is like saying "Everyone must be doing great, caviar sales are through the roof!"
Just looked at the stock and options for Boeing. Going to sit this one out. I would normally be ordering a put/short with this news, but the way things are going wouldn’t be surprised to see their stock rise.
Nothing makes sense.
I joke, but also, I throw my hands into the air and say, "damn, I honestly have no idea how this all works, best just stick to target date mutual funds."