$GOOGL = $SPX Alphabet down 7.4% after hours, after big miss.
Deficit Spending Has Goosed The Market Late In The Business Cycle
Normally, S&P 500 bear markets coincide with budget deficits. This time, deficit spending has goosed the market late in the business cycle. How ugly will it be for both the market and the budget deficit when the normal correlation resumes? $SPX $SPY