The situation in stock markets has been disconnected from the consumers ever since the COVID-19 has taken the world by storm. When a country's economic growth is on the rise, consumers are more likely to spend on luxurious items. Otherwise, they practice caution before spending unnecessarily.
At the moment, consumer sentiments are being driven by their financial condition and buying trends. Consumer trends are depending upon the factors whether people are financially stable or not. Many people are in a worse position financially as compared to pre-corona times. Also, not many people are opting to buy large or costly products such as home appliances.
Also See: Americans love to invest in the stock market #infographic
While America's technology stocks have remained consistent during this crisis, stocks in other categories have demonstrated a disconnection with the consumers. Have a look at the infographic below for a breakup on the stock market statistics and its relationship with American consumers.
Infographic by: VisualCapitalist