Recently I had the opportunity to sit in on an update and short-term forecast of the economy and the markets. It was an exercise in what they call “wealth management” — stewardship on behalf of the well-to-do. I did so as an investor with retirement funds in the markets, who’s been feeling a fair bit queasy about the chances that Donald Trump’s doggedly anarchic policies might cause everything financial to drop straight into the toilet.

Well, I have some very good news wrapped in a bad-news burrito.

The good news, from this analyst’s perch: The economy is doing pretty well, actually. It has weathered Trump’s reign of error because of some very strong fundamentals. Also because deregulation and tax cuts are business-friendly. By every measure, the outlook is positive.

In the aggregate, that is.

But within the aggregate, there are distinct winners and losers. I bet you can guess who falls into which category.

Yeah, the affluent and the top earners are doing great, and the folks on the bottom are taking it in the shorts. The chart on consumer spending showed overall strength because the people on top are spending their brains out while the poor and working class are spending less but still carrying more debt because their income falls short of their needs.

The stock markets are doing well thanks almost entirely to what the analyst called The Magnificent Seven — the tech giants Amazon, Meta, Google, Apple, Microsoft, Tesla, and Nvidia, whose prices keep going up. The rest of the stock market is just piddling around.

In fact, the analyst projects significant economic growth in the next several months — thanks largely to the adoption of artificial intelligence. Corporate profits will be buoyed by AI-related efficiencies. Speaking of which, Amazon is about to cut as many as 30,000 jobs due in part to AI-related redundancies. That’ll boost profits. Good for investors, not so great for those deemed surplus to requirements.

It was well outside the analyst’s remit to attach value judgments to his forecasts. There was no talk about the long-term impact of a grossly unbalanced stock market, much less the social costs of stark wealth inequality. He didn’t bemoan the number of workers who’d be chewed up and spit out in the AI revolution.

As a retiree investor, I was reassured by the presentation. As a human being, I was disturbed. Wealth inequality has been growing in the US since the Reagan years, and it’s on the verge of getting substantially worse. It’ll be great, as long as it lasts, for those safely ensconced in the sky city of Elysium. As for the rest, well, you know what they say about eggs and omelets.