Market: Has the market corrected?

The US economy has struggled under the Biden Administration. Likewise, the market has struggled. In fact, most “experts” from large investment banks and firms have regularly claimed the market would fall to levels not seen in decades, with some claiming the market was outright doomed; such continues to this day. Despite these erroneous claims, there remains a statistically significant relationship between economic output and market performance. That said, most government spending runs counter to economic output, and poor economic output runs counter to market performance. Specifically, there is an inverse relationship between government spending and GDP.