The year of divergence: Wall Street vs Main Street

“This helped exacerbate another divergence: between exuberant Wall Street, where stock indices rebounded from a crash in March to an all-time high, and Main Street, filled with rows of boarded-up businesses. The tech-fuelled stockmarket rally pushed Apple’s market capitalisation above $2trn and allowed Tesla’s market value to overtake one giant carmaking rival after another, ultimately leaving all of them in the dust.”

The year of divergence
https://www.economist.com/business/2020/12/29/the-year-of-divergence
via Instapaper