From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know

by Jesper Rangvid

In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets.

From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.

368 pages, Hardcover

Published March 14, 2021

Reviews

[Kristian Rauhe · Rating 3 out of 5]

Informative book with lots of historical charts, definitions of basic economic terms, and explanations of how different aspects of the economy influence the stock market and future return.

I found it a bit hard to read, because of an abundance of repetitions, summeries and internal references.
Some times I had a feeling that it just presenting data, without concluding how findings could be utilized in practice. The later chapters, however, does deal more on these topics.