The media will do what the media does. Still remains that the stock market is a different banana than the real economy.
In fact, had the Fed not contracted the money supply in 1929, there wouldn’t have been a depression at all. In fact the only people who would have gone broke would have been the stock market investors who lost their shirts.
When you consider that stock market crashes are purposefully engineered in order to clear investor funds to a select few, the reliance on the stock market as an indicator of economic health is farcical.
Christmas sales btw also have nothing to do with the stock market, or the production of goods and services. Retail sales are a reflection of consumer buying power and demand – nothing more. The deliberate effort by the media to tie stock market performance to the economy’s overall health is contrived and phony – always has been.
On another note, the fed never raised interest rates at all during the last administration – eight years of zero rate hikes.
Since 2016 there have been four rate hikes, despite the fact that the real economy in fact is much improved.
Since the fed’s take over of the US money supply in 1913, we have been at its mercy.
The fed needs to go – it’s toxic and has been the driving force behind all major economic changes – no such thing as a “market” that moves itself. 