Why the stock market is doing well while the economy is shaky

Transcript:

Caroline Woods: Why is the market doing so well when the economy feels so shaky?

Jessica Inskip: Because of artificial intelligence that's coming in right now, the stock market is not the economy whatsoever. The economy is producers and consumers. The stock market, as we measure the S&P 500 is just 500 companies. Those 500 companies are not reflective of the economy at all. Right now, they're reflective of mainly artificial intelligence and technology concentration. So therefore the market's doing really well because there's a lot of spending that's happening within artificial intelligence.