The S&P isn't everything

But it's a lot

Right now, the S&P 500 represents approximately $34 trillion in total market capitalization. That’s a lot of money. But, it’s still just a subset of the total U.S. equity market:

And, if you think that those dollar figures are just too high and there should be another downturn in the stock market because it’s disconnected from the economy…well, GDP looks like it will grow faster than expected when 2020Q4 results come out:

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