Regardless of whether the economy is or is not where it should be right now, the phenomena that the market is at its all-time high is extremely common. Its week

Regardless of whether the economy is or is not where it should be right now, the phenomena that the market is at its all-time high is extremely common. Its weekly peak is more likely to be an all-time high than not, because its objective is to grow. This is true, whether its growing at 0.5% or 5%. Its only slightly more interesting than, for example, my age being at an all-time high. So in that sense, its a pretty useless metric (but sounds good!). Per capita or velocity are much more useful metrics.