<image credit to: stockinvestor.com> Why is Wall Street soaring while Main Street is burning? <source : nbcnews.com>
The terms “Wall Street” vs “Main Street” gets tossed around a lot in conversations about the financial industry recently and continue being headlines in major newspapers or financial portals.
Just months into the coronavirus crisis, many are already pointing to the striking contrast between what has happened to the real economy and financial markets a.k.a “Wall Street vs Main Street” conundrum. “Mr Market “ is irrational, as usual, while millions of peoples around the world had lost their jobs due to this COVID 19 pandemic and economy are expecting to shrink with weaker consumer demand and lowest PMI, yet stock market soar, to a level almost same as in pre-COVID market environment, a perfect “V” shape recovery.
The huge divergence and...