FYI: We’re living through one of the most resilient times in the history of the US stock market, in terms of our ability to process and shake off scary news. Think of what’s been thrown at investors over the last decade, and still we persist. Think of the political situation today. The President of the United States tweeted that he’s under investigation this weekend. The President of the United States. Last week the Fed hiked interest rates for the 4th time, into lukewarm economic data.
And yet, the S&P 500 is opening at a new record high this morning. I have a theory about this resilience, which is that we’ve replaced faith in older institutions with belief in the invincibility of today’s global corporations (read: American Gods).
Regards,
Ted
http://thereformedbroker.com/2017/06/19/its-actually-a-good-thing/
