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Ben Carlson argues markets diverge from the broader economy in chart

On Tuesday's Animal Spirits podcast, Ritholtz Wealth Management's Ben Carlson presented a visual making the case that the two are distinct.

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What happened

Ben Carlson of Ritholtz Wealth Management shared a chart on Tuesday's Animal Spirits podcast. The visual argues that the stock market and the broader economy are separate things. A Financial Times piece asked whether the US economy is as narrow as its stock market and answered no.

Why it matters

The discussion centers on whether the stock market reflects the wider economy. The reports state no further consequences.

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