Yes it is true … there is no correlation between GDP growth and stock prices 👇👇👇here is the chart from the study. Chinese GDP is up 15x over the past 25 years. The Stock market is up only 0.5x. Chinese Growth has never accreted to shareholders. The value accretion goes to the government (Seven sages Capital) German DAX is at an all time high although any news you read .. it looks like Germany has committed economic suicide. Canada TSX is at an all time high whereas Canadian GDP growth is expected to worst among OECD countries between 2021-2031. So never correlate a rising GDP growth rising stock markets