In my view outperformance of the equity markets in the face of a slowing economy is a reflection of our nations burgeoning wealth gap. The vast amounts of new money in the last five years, most of it captured by a small minority, would probably account for much of this phenomenon. BTW, thank you very much for making your thoughts available in front of the paywall. I follow and appreciate you greatly.
Seems like the “this time it’s different” ingredient here may be a wealth gap of historic proportions. Would love to see stats on market participation by Main Street versus Wall Street.
Relevant to restaurants, hotels, cruise lines, airlines, retailers, plus tickers like LYV. They’re all in for a rough patch.
In my view outperformance of the equity markets in the face of a slowing economy is a reflection of our nations burgeoning wealth gap. The vast amounts of new money in the last five years, most of it captured by a small minority, would probably account for much of this phenomenon. BTW, thank you very much for making your thoughts available in front of the paywall. I follow and appreciate you greatly.
Mike Gentry
Seems like the “this time it’s different” ingredient here may be a wealth gap of historic proportions. Would love to see stats on market participation by Main Street versus Wall Street.