The stock market and economy have parted ways. It’s a FOMO market now. – The Washington Post

It is impossible not to marvel at the apparently indestructible gap between the buoyant stock market and the less-than-buoyant real economy of workers, companies and jobs. One must say “apparently indestructible,” because maybe there is some simple and obvious explanation that eludes your correspondent. Otherwise, either the stock market is too high, or the economic outlook is too low. One or both must be wrong.
Just last week, the Organization for Economic Cooperation and Developmen