Wilshire 5000 / US GDP: https://fred.stlouisfed.org/graph/?g=qLC https://fred.stlouisfed.org/graph/?g=qLC That is normalized to 1 in late 2007. At the end of 2

Wilshire 5000 / US GDP: https://fred.stlouisfed.org/graph/?g=qLC https://fred.stlouisfed.org/graph/?g=qLC That is normalized to 1 in late 2007. At the end of 2021, it was 2.53; at the end of the first quarter of this year it's at 2.37. In 1Q 2020, it was 1.80. Stock prices have been increasingly disconnected from the economy 2014-2015.