Record stock market highs don't just signal investor confidence—they directly impact household wealth and job creation. When equities hit new peaks month after month, it translates into real outcomes: employment opportunities expand and retirement portfolios (like 401(k)s held by millions) grow substantially. This wealth effect ripples through consumer spending and economic activity. While critics downplay market gains, the connection between equity performance and broader economic health remains direct and measurable. Strong capital markets fuel job markets and household financial security—a relationship that shapes both macro trends and crypto market sentiment.