Mass Protests And Mayhem Across The U.S. Have No Impact On Stocks, What Gives?

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Investors don’t see protests as a threat to either company earnings or an economic recovery, at least not yet.

in 2020 is the unprecedented intervention of the Federal Reserve to support the economy: The Central Bank has injected nearly $3 trillion into financial markets since the end of February.including rate cuts, lending programs and credit facilities that are giving investors reassurance the Central Bank will step in to save the financial system if needed.

For instance, the Fed began buying up short-term corporate debt and municipal bonds for the first time ever, promised to buy an unlimited amount of government debt for the duration of the coronavirus crisis and is also launching a main street lending program for small- and medium-sized businesses. The Fed’s actions have “without question” helped prop up the economy, says Mark Freeman, chief investment officer at Socorro Asset Management. The combination of proactive monetary policy with historic government stimulus efforts has been an “exceptionally powerful force in driving the market.”

Historically, the market tends to look past most civil unrest, with many analysts pointing to precedents like President John F. Kennedy’s 1963 assassination, the 1965 civil rights march in Selma, the 1967 Vietnam War protests, the 1968 assassination of Dr. Martin Luther King Jr. and the 1992 riots sparked by the police beating of Rodney King.“As painful as this is right now, it hasn’t gotten to the point where it changes the market’s outlook for a recovery—it’s that simple,” says Freeman.

. “If protests or political spillover start to hurt consumer confidence, that would spell lower stock prices.”If protests continue for longer than expected and cause more economic damage in cities, that could pose a threat to the market’s recent rally, investors say. Not only that, consumer confidence could be

 

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