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Jacob Watson
CNBC Television
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Comments by "Jacob Watson" (@jacobwatson3781) on "The idea of a Fed pivot is a false hope, says Julie Biel" video.
Stock market is different than economy.
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I think the issue with Kevin is he realizes inflation doesn't affect the rich and he is making record profits while most people aren't seeing the same results. He wants to say the economy isn't doing well or stick to recession talking points but he can't. Stock Market doesn't correlate to strong or weak economy.
1
@kensmechanicalaffair big drops in stock market over last few weeks, economy doing just fine. During beginning of pandemic when country shut down, stock market rallied after a drop while millions were out of work and economy tanked. Yes can be some correlations, but they're different.
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