Is the stock market a good measure of the economy?
The stock market doesn’t always correlate with more important economic measures like employment, poverty or gross domestic product. About 84% of stocks are owned by the top wealthiest 10%. Half of all Americans own no stock. This means that a rising market doesn’t directly help most Americans. Other signs, like employment rates and consumer confidence, are far down from the start of the year.
References
New York Times: We All Have a Stake in the Stock Market, Right? Guess Again.
Trading Economics: United States Employment Rate
Trading Economics: United States Consumer Sentiment


