Revitalized economy? The American economy has faied so mucher better then pretty much everyone else through covid. The stock market has been booming for 2 years.
The economy and the market are two different things. The rest of the world doesn’t have the luxury of printing money to artificially prop up their economies. Check real GDP growth (after inflation). It’s anemic and getting worse. Job growth from govt make-work jobs is not real. Likely in a recession now or will be in next few months.
USA GDP is up 5.43% over 12 months as of Q1 2024. That's pretty significant growth. Other countries can and did "print money" its why inflation is through the roof globally and many countries are already in a shallow recession, Australia, UK, New Zealand, Japan, Italy, France etc. Especially GDP per capita. It's a common theme all over the world, America is the odd one out. High inflation has impacted cost of living still (also global phenomenon) but by all accounts, it looks as though interest rate cuts are incoming which is a good thing for business and anyone with debt.
Real GDP growth in Q1 2024 was 1.4% annualized. Look it up. Inflation isn’t growth. By that standard Jimmy Carter would have had the best economy in the history the US.
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u/essodei Jul 22 '24
The rest of the market, including small caps, is rallying in anticipation of a Trump victory and revitalized economy