Expert use of the midwit meme
...also, perfect illustration that old tabs actually do come around to be read... eventually. (Two months late, lol).
Hot take:
"Actually, the stock market is an increasingly good proxy for the economy."
it’s hard to identify historical examples where stocks improved on what most people would regard as bad news or declined on good news. Pearl Harbor and September 11 led to big selloffs. So did the Kennedy assassination and the beginnings of the COVID-19 pandemic. American equities did experience strong years in 1942 and 1943 as the United States ramped up industrial production after it entered the war. However, stocks gained even more in 1945 following the end of World War II
Sometimes some exceptions, but usually:
"The large majority of the time, however, there’s no need for contrarianism. Good news for the markets usually implies good news for the world outside of Wall Street, too."
the correlation between changes in stock prices and the broadest economic indicator — GDP — is reasonably strong and has become stronger in recent years.
...and then I got fucked by paywalls. Anyone with access, please share — and there'll be some zapsies for yah.