Today, September 2, 2025 there is an article in the Wall Street Journal titled Americans Lose Faith That Hard Work Leads to Economic Gains showing that only 25% believe they have a good chance of raising their standard of living.
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Looking back on the fourth quarter of 2024, the conclusive outcome of the presidential election—regardless of one’s political preferences—provided clarity which boosted market confidence.
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Most consumers are aware that the price of an item and its value have an imperfect relationship. In a market-based economy, price and value tend to be correlated, but around the edges, they diverge based on consumer preferences.