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In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most peoples everyday

In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most peoples everyday lives. The economy shutdown with millions of North Americans losing their jobs, businesses shutting down on a temporary or permanent basis, and many consumers staying inside for several months. The stock market fell significantly, but by the end of Summer 2020, many indexes were reaching all-time highs as seen below: S&P 500 Index In other words, as Canada and US were experiencing some of the worst macroeconomic results in several decades (such as unemployment rate and GDP growth), the stock market was booming. Why is there such a seemingly disconnect between the stock market and the economy?

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