S&P 500 reaches record highs as consumer sentiment falls to historic lows

7 articles · Updated · Barry Ritholtz · Apr 24

The top 1% of Americans now own half of all US equities, while the top 10% control 87%, leaving the bottom 90% with just 13%.
Despite inflation dropping to around 2.5%, recent tariffs, high home prices, and the Iran War have driven consumer sentiment to its lowest levels, highlighting a disconnect between markets and most Americans.
This K-shaped economy means market gains benefit the wealthy, whose spending drives nearly half of retail sales, while broader public sentiment remains negative due to persistent inequality and rising living costs.

How are new tax policies and tariffs widening the gap between Wall Street and Main Street?

What are the hidden social costs of an economy where most people feel left behind?

With housing costs soaring, are we creating a permanent class of American renters?

Is the S&P 500 no longer a valid indicator of the nation's economic health?

Are American 401(k)s being secretly used to bail out large financial institutions?

How will the escalating Iran conflict impact the AI-driven stock market rally?