The S&P 500 Rises to a Record Close, but it Isn’t What you Think

What’s inside and why does it matter?

Photo by timJ on Unsplash

We’re at a record high, according to all the indices that spam our computers, phones, and TVs. The S&P closed at 3,389.78 on August 18, 2020. We’re in the middle of an ongoing COVID-19 pandemic in the United States. The pandemic has hit the globe asymmetrically, and it his hit the United…