Analysis

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bull run. John Stepek explains why markets and the real world often seem to be at odds.

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by: John Stepek

3 Jul 2020

Market valuations seem to defy logic © Getty

UK stockmarket indices © Bloomberg via Getty Images

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How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bull run. John Stepek explains why markets and the real world often seem to be at odds.

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How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bull run. John Stepek explains why markets and the real world often seem to be at odds.

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