SP500 ~7000 and economy feels like it’s doing terrible. Benchmark is near an air pocket leading to a breakout to above 7,000 or a breakdown.

I’m just a regular typical family and I feel like we’ve had to change our spending habits due to the increase in. Cost of living. I speak to our friends who feel like they are also going through the same things. It feels like such a façade seeing the stock market rise so heavily in hearing that economy is doing so well when I feel like most of the Americans, I speak to believe that their lives have been getting worse. Interesting article to read but PE ratio for the SP500 is at roughly 40 which was the similar PE when the stock market corrected in the dot com bubble and 2008. That’s why companies like Microsoft got punished, even though they beat expectations. Time to sell and keep cash, I have a bad feeling about this $7000. The stakes, in short, are high for bulls to eclipse the 7,000 psychological hurdle, and then hold it. The last time we tested 7,000 was Jan. 28, and markets quickly retrenched. What are y’all thinking? https://www.thestreet.com/investing/sp-500-nears-dangerous-air-pocket-as-7000-clock-ticks-bob-lang