THIS PAST WEEK the S&P 500 went up 301 points, or 12 percent, its best performance in 46 years.
During the same week, the reported number of Americans killed by Covid-19 went up 11,499, or 161 percent, the coronavirus’s best performance ever.
So this seems like a good time to reevaluate our treasured belief that a rising stock market reflects general human flourishing.
Consider a few more events that happened this week around the same time as this excited tweet from Donald Trump, who somehow is the president of the United States:
This week, in only 4 days, we had the biggest Stock Market increase since 1974. We have a great chance for the really big bounce when the Invisible Enemy is gone!
— Donald J. Trump (@realDonaldTrump) April 10, 2020