I really like the recent analysis from Real Vision Finance including this video:
Federal intervention has propped up stock prices. (This is why the media is not in panic mode – they represent the wealthy.)
The real economy – industrial output, employment, supply chains, food production – in crumbling outside of the scrutiy of the media.
There’s also this effect where investors from all over the world are moving into dollar so that they can buy the equities which the US is propping up.