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  • Writer's pictureNorthPoint Financial

Disconnect Between the Markets & the Economy

U.S. stock markets continue to trend up as optimism returns to Wall Street while Main Street USA continues to reopen. Yes, there is plenty of social unrest around the country, geopolitical tensions with China are increasing and horribly negative economic data continues to be released almost daily, but the major U.S. markets are trading at levels not seen since the very early days of COVID-19.

In fact, while the DJIA and S&P 500 are close to their pre-COVID-19 days, NASDAQ reached a new high, cresting the wholly-psychological 10,000-point threshold mid-day on June 9th.

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