Bloomberg Surveillance · Wednesday, September 23, 2026
Lauren Seidel Baker emphasizes that the stock market is not the economy, despite its influence on certain sectors. She highlights that consumer spending, which accounts for two-thirds of GDP, is the primary driver of economic activity, and its performance is more critical than asset prices.
“The stock market is not the economy.”
“We want to watch the stock market, right? There's something happening there. But right now, that is not telling us the key economic story.”
“At the end of the day, that is driving a lot of the activity across especially the B2B space right now. And that is in fact driving higher pricing in some of these key components.”