During a town hall on ABC, President Trump said, 'Stocks are owned by everybody.' CNN's ChristineRomans explains why a booming stock market does not help everyone.
New York America's booming stock market is a flawed yardstick for measuring Main Street's recovery from the pandemic.
But that doesn't stop President Donald Trump from repeatedly pointing to the V-shaped rebound on Wall Street as proof that most Americans are doing well again."Stocks are owned by everybody," Trump said during Tuesday's town hall on ABC."Look, we're having a tremendous thing in the stock market, and that's good for everybody, but people that aren't rich own stock and they have 401's."In truth, millions of Americans can't feel the stock market boom.
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