I feel like we have taken a turn for the worse in terms of income inequality in the US. The differences between the poor and the rest has been greatly exaggerated by the virus and there is a chasm now.
The lower rung of the economy has no bearing on the stock market as that section doesn't contribute to it. Sectors like tech are entirely created by middle/above middle class individuals for those that are wealthier than them. The stock market is doing well because it has realized this fully. Some sectors like Airlines, retail etc are not doing well because they depend on the lower rung of the economy. I am not sure how this will change.
The lower rung of the economy has no bearing on the stock market as that section doesn't contribute to it. Sectors like tech are entirely created by middle/above middle class individuals for those that are wealthier than them. The stock market is doing well because it has realized this fully. Some sectors like Airlines, retail etc are not doing well because they depend on the lower rung of the economy. I am not sure how this will change.