Every day, we hear grim news about the state of the economy. Despite this, the party seems to go on unaffected on Wall Street. This raises the question of why the stock market continues to grow while the economy is struggling.
According to KTRH money man Pat Shinn, the stock market has seen growth due to excitement around Artificial Intelligence and the government’s fiscal stimulus. While money continues to flow in for some, the majority are not benefiting from this growth.
Shinn highlights that while some may be doing well financially, there is also a significant population for whom things have never been worse. The stock market continues to grow amidst what has been dubbed as “Biden-flation.”
For those who have investments, checking their 401k accounts may reveal significant growth since the beginning of the year. To stay updated on financial news and insights, tune in to KTRH Money Man Pat Shinn on News Radio 740 KTRH from Monday to Friday.