Métis Nation –
The gap between Wall Street and Main Street has never seemed wider—but much of it is an illusion.
Since it bottomed on March 23, the S&P 500 has shot up almost 40%—the highest return over so short a period since 1933, according to S&P Dow Jones Indices. For the year-to-date, the S&P 500 is down less than 3%, counting dividends. Meanwhile, 108,000 Americans have died in a pandemic, 21 million are out of work and the country is seething with civil unrest.
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