But what the stock market does not see is all the small businesses going bankrupt. And how much of the FAANG's relative performance is temporary as opposed to sustained: will I still buy that new iPhone, when I am able to dine and drink with friends again?
The pandemic-induced economic downturn has revealed a disconnect between depressed real economies and buoyant financial markets. Dame DeAnne Julius explains why there are hopeful reasons for soaring stocks, despite a seeming disconnect from the recession.
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Look at the chart below from the
@OppInsights data trackerpic.twitter.com/Q4DJ6b2aqy
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