Despite the daily news of economic struggles, the stock market seems unfazed on Wall Street. This raises the question of why the market continues to grow while the economy is struggling.
KTRH money man Pat Shinn offers an explanation for this phenomenon. He says that excitement around Artificial Intelligence and government fiscal stimulus are driving the growth in the stock market. While some may be benefiting financially from this growth, a significant population is not seeing any improvement.
Shinn highlights that despite some financial success, there is also a growing population for whom things have never been worse. The stock market continues to grow amidst what has been dubbed as “Biden-flation.”
For those with 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.
