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Benzinga
Benzinga
Business
Piero Cingari

The Economy Is In A 'K Shape' — Here's What That Means For Your Money

Economy Bank of America Michael Hartnett First Brands
K-Shaped economy

Wall Street continues to break records while signs of stress mount for everyday Americans, underscoring the K-shaped nature of the U.S. economy—where the top climbs higher while the bottom stagnates or falls behind.

"Wall Street is now six times the size of Main Street," recently said Bank of America chief investment strategist Michael Hartnett in a recent note.

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