The stock market is dead. If it weren't for the s&p 500's top 10 companies, the stock market would turn out to be negative.

The only reason it looks like it's growing is because the floor you're standing on is falling.

Why does it fall you may ask?

Money supply. 
The krone and the dollar are the yardsticks we use to follow prices. 
What happens then when we shrink the yardstick we use to measure by printing tons of money?

In case anyone has any doubts that the dollar/krone gives a false impression of growth in the stock market, just take a look at this graph. apolloacademy.com/sp500-vs-m2/

It becomes particularly clear when we zoom in on 2020, where we printed 6 billion dollars.
Here S&P responds by inflating itself at the same moment. 

Do you think it was because these companies suddenly became more productive?