Market Strategist Warns ‘Pain Felt On Main Street Quite Distinct From What’s Reflected In Stock Market’

(CBSNewYork) — Seven months into the COVID-19 pandemic, and Wall Street is doing well. The Dow Jones Industrial Average closed at 28,514.76 on Wednesday afternoon, over 3,000 points above where it found itself at the end of February, the last full month before COVID took hold of the economy. The Dow would drop to a 2020 low of 18,591.93 less than a month later. But a steady upward trend has lifted it almost 10,000 points since.
The economy hasn’t rebounded to that degree. It remains