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by jlukecarlson
2197 days ago
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The stock market is not a direct reflection of how healthy the US economy is at large. As others have mentioned, gains in the stock market are being driven by a select group of companies that investors believe are poised to seize an advantage during these times. This advantage can be a product that is well positioned for this situation (Zoom, Slack, Amazon), having large cash reserves to weather the storm and potentially buy competitors (Uber with UberEats + Grubhub), or a myriad of other reasons. Not many of which apply to companies in the wider economy. |
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