Did the billionaires put their huge taxcuts into the stock market?

[kentuck]

Is that why the market is doing so good in a down economy?

Most Americans believe the country is on the "wrong track". Trump keep telling them these are the golden years and how "hot" our country is compared to the rest of the world. Everything is going great!

Does the stock market have anything to do with the average person's economy?

[Irish_Dem]

1. Didn't Trump tell us we would all get so rich we wouldn't know what to do with the money?

Something along those lines as I recall.

[Wounded Bear]

2. The stock market has been almost completely decoupled from the mainstream economy...

Took them many years, but the market is mostly just a casino for investors to bet in, with very little connection to the rest of the economy.

It's not surprising that the market continues to do well, long after the rest of the economy struggles. trump only cares about top end earners, the rest of us can eat dirt for all he cares.

[-misanthroptimist]

3. "Does the stock market have anything to do with the average person's economy? "

No. Well, not very much.

[Bernardo de La Paz]

7. Most people have money in the market bc of pension and retirement funds. . . . nt

[lastlib]

4. The economy is really only down for the working class--us....

The wealthy are making out literally like bandits. Yeah, they are paying the higher prices for basic stuff that the rest are---but their margins are greater. IOW, they have more of a cushion against the bad economy than the rest of us.

The stock market is a reflection of expected earnings. When it's up, investors think the companies' earnings are going to grow. Those earnings come from people buying stuff (revenue) and lower costs. At some point, reducing labor cost is the only sure way to lower the costs. In that sense, the stock market does affect the average person's economy--and vice versa.

[Ilsa]

5. There are several home (property) services I need,

like a subscription, on a monthly basis (termite, pest treatment, etc). I've recently started shifting them two weeks, or to the first part of the next month after I get paid. I've been very frank with the schedulers and sales people about why: uncertainty due to shutdown, and rising price of food. They've been very understanding and have been hearing it alot, apparently.

Trump may not be allowing economic data to be published, but people can see what's going on.

[Bernardo de La Paz]

6. It's an up economy but only bc of AI capex. It's no-hire no-fire and barely contained inflation.

Without AI it would likely be in recession. Something like three of 8 regions are in recession (I'm fuzzy on the details). New York and California are basically propping up the economy. Again.

[snot]

8. The oligarchs are buying (& speculating on) many things,

looking for places to park their wealth; and they're particularly looking for things that seem likely to hold or appreciate in value during inflationary times.

That includes stocks, homes & other real property, precious metals, and bitcoin, which like the dollar is fiat but unlike the dollar is limited in supply.