The reason that it's up now is because the Fed printed 6 trillion dollars, and is spending it at the financial markets.
So...I've started to view the economy as a distributed voting algorithm where we decide what companies should exist and where people should spend their attention. If the fed is adding 6 trillion votes to the financial markets then won't that mean that we focus more of our attention on solving the problems of companies that either:
A) Are large enough to overcome the regulator hurdles to participate in financial markets.
B) Are explosively-growing enough to get VC funding.
C) Are underpriced enough to get private equity funding.
As a software engineer who's mostly worked for companies in category B, I guess I'm fine with this attention. But given what the pandemic is doing to small business, shouldn't society be preparing to devote more of its attention to companies solving problems like "I want some chicken & rice in Roxbury."?