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The same business activity that's also drastically slowing down? https://www.atlantafed.org/cqer/research/gdpnow

The DJIA went up 40% from 2021 to 2024 but the incumbent got voted out. The market is irrelevant to many voters, especially younger ones.

The DJIA is irrelevant to all serious investors. That particular index is mostly for media to talk about these days. And consumers care about inflation and hiring, not the market in general.

Given all that happened in COVID, from supply chain disruptions to lockdowns to massive infusions of cash, it would have been practically impossible for the stock market to not go up in the following years.

I wonder if the culture of lying is going to make it tricky to convince consumers not to react negatively to the downturn.

Doubt it. Tanking stocks is bad for the liberal elite; real Americans are willing to suffer to win the war on woke; our best friend Russia has it even worse and we need to show solidarity by living like they do. Did I mention the gays?

It won’t be a problem. Or to the extent that it is, it will be easy to make it someone else’s problem.

We're taking statements from the current White House seriously? Why would we do that here?

Seriously. It’s not news, it’s just lies.