The ‘rising stocks are ignoring the terrible economy’ crowd is missing the clear reasons for the market’s surge

By Neil Dutta

Mr. Market has turned into everyone’s favorite punching bag, a heartless fellow utterly divorced from economic reality. This bashing of the stock market as divorced from reality has been par for the course over the past few weeks.

The Wall Street Journal recently noted, “Although the stock market has erased its losses suffered during the pandemic, the economy appears to be telling a different story.” 

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