From MarketWatch…..
We can stop debating whether the stock market has become more disconnected from the economy.
It undeniably has, according to a just-completed academic study by Rene Stulz, a professor of banking and monetary economics at Ohio State University, and Frederik Schlingemann, a finance professor at the University of Pittsburgh. But don’t blame this growing disconnect on the COVID-19 pandemic; the professors show that the trend toward a greater disconnect dates back at least five decades.
