MLive: Matthew Roling on stock market performance compared to economic recovery
While the world is trying to crawl out of a pandemic recession, the stock market is doing just fine. Michigan is no outlier, as 14 of Michigan’s 16 public Fortune 500 companies have seen gains in share price since the start of 2020. “The broader economy might not have had a V-shaped recovery, but the stock market bounced back very quickly last April and May and even more so this fall,” said Matthew Roling, Wayne State adjunct business professor. “The market tanked last March and then it just climbed right out.” How can the stock market thrive when the rest of America stumbles? Because of three factors, Roling said: Stimulus, interest rates and Robinhood.