@#9 ... I've wondered why this is always promoted as the Dow is up. ...
In my view, there are many who think the stock market is the economy.
As I have noted many times before, the stock market is not the economy.
It is mostly the wealthy who benefit from a rising stock market.
The rich now own a record share of stocks (2024)
www.axios.com
... About 93% of U.S. households' stock market wealth is held by the top 10%. ...
While it's true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock most of these folks own is tiny. ...
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