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Barry Ritholtz: Why Markets Don’t Seem to Care If the Economy Stinks

So many of the most battered industries don’t matter much because of the way stock indexes are structured. The stock market has been on a tear, yet the economy is in the dumps. So why do so many people believe -- undoubtedly incorrectly -- that the stock market has decoupled from reality? The economy many people experience, while bleak, is

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Posted: August 4, 2020 Tuesday 06:00 AM