I had chatgpt make chart of the national debt and spy since 2000 and to 2020. Not sure if this is the best way to do it but they are practically identical. Does this mean anything? I believe markets are manipulated. Is all of the ridiculous appreciation of the market from printed money?
It means chatgpt might not be the best way to find this information, since the values for the S&P 500 Index on the right side of the image don't seem to match actual S&P 500 Index values.
US GDP has gone up 3x since 2000 The US national debt has gone up 6x. The stock market has gone up 4x since 2000. The stock market is back to year 2000 levels of bubble valuations in many stocks. I think the S&P would probably be closer to 4500, inline with GDP growth, if the AI mania hadn't happened after the release of chatGPT 3.5 which fuelled another bubble which could still run a few more years yet.
Why would the S&P500 correlate to US GDP when a majority of the companies on that list also do business overseas?
Any two sets of data that are linear can always be made to overlap if you adjust the scales. What about rate of change, i.e., delta $ per year? What about total SPY market cap, total debt, on the same scale, vs time for comparison?