4 key observations about the U.S. stock market to remember 📊

The stock market isn't exactly the economy 🤔

When I was on Bloomberg’s “Lots More” podcast last week, I was asked why I think U.S. stocks usually go up.

The simple answer is because earnings usually go up, and earnings are the most important long-term driver of stock prices.

Why do earnings usually go up? The answer to that is a bit more complicated. But I think four observations help begin to explain this phenomenon.