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Yahoo Finance’s Invest will kick off live at 8 a.m. ET on Thursday, Nov. 13. But before this epic one-day global event unfolds in all its glory, I’d like to set the tone for it today.

Out of everything I’ll be asking our esteemed guests, I’m most interested in this: Why isn’t the wealth effect of higher stock prices lifting all economic and corporate ships?

I’ll use a few examples.

Robinhood’s (HOOD) third quarter results this week were, for lack of better terms, mind-blowing. Sales up 100%. EPS up 259%. You have to give a hat tip to co-founder and CEO Vlad Tenev — who will be chatting with me at Invest — for driving a major reinvention of the platform.

The company is pushing hard into prediction markets, banking, and cards. Mid-December will bring an “AI Day” for Robinhood, likely showcasing how AI may alter financial services.

Robinhood’s resurgence comes alongside stock indexes hitting record highs, ditto crypto to a lesser degree. Both of those factors have helped power Robinhood, while rival Coinbase (COIN) has cashed in on the crypto boom. All the big Wall Street banks reported solid third quarter earnings in part because of higher stock prices feeding into the wealth management and trading businesses.

But it doesn’t appear that the great boom in asset markets is lifting all households and non-financial services companies to new heights.

Chipotle’s (CMG) CEO Scott Boatwright warned last week that young consumers are not buying burritos. Costco (COST) said Thursday that SNAP benefit uncertainties and the government shutdown are weighing on its shoppers. The employment component of the ISM services report released on Wednesday was mixed at best.

And how can we forget the Challenger, Gray & Christmas data on job cuts that spooked the markets this week?

Job cuts for October totaled 153,074, surging 183% from September. It was the highest level of cuts for any October since 2003. This is shaping up to be the worst year for layoffs since 2009. And it’s not all because of AI ripping through back offices. The hiring at companies just isn’t there!

The economy and corporate America are at this strange intersection. Enter Invest.

The Yahoo Finance team is excited to unveil the next chapter of Invest.The team decided early on that we wanted to reinvent Invest, moving to a true global digital event.