At best 50/50.
Economy is 365 days 24/7. Markets are a snap shot of one day.
I say less than 50%. Markets don’t say how much money people have, its how much shareholders buy and sell. Markets really only matter in long term extremes.
They have hit record highs constantly for 4 yrs, yet people complain about broke and high prices, after they bought new vehicles, guns and 3 vacations more than normal. Its all oxymoronic.
Someone explain how market high records helped them. Unemployment has been the lowest in 50yrs. Yet complaints roll. Any lower and inflation:recession. Supply and demand.
<shrug>