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The Stock Market Charges Ahead, Despite The World’s Storms

FYI: Hurricanes in North America, earthquakes in Latin America, tensions on the Korean Peninsula and political turbulence in the United States, Germany and Spain have produced little but shrugs on Wall Street.

The stock market’s rise — not just in the third quarter of 2017 but for eight years — suggests that traders are convinced the Federal Reserve will meet any meaningful decline with fresh steps to prop stocks up. In the bond market, by contrast, rising yields betray a growing sense that monetary policy will become a headwind.
Regards,
Ted
https://www.nytimes.com/2017/10/13/business/mutfund/stock-market-calm-world.html?rref=collection/issuecollection/Mutual Fund Quarterly&action=click&contentCollection=Business Day&module=Collection&region=Marginalia&src=me&version=issue&pgtype=article
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