chaotic day at the Capitol on WednesdayNancy Tengler, chief investment officer at Laffer Tengler Investments, credits the cool nature of the markets in looking past the unrest.
"The stock market is not a proxy on society; it's a proxy for future economic growth, and so while we can certainly feel the sadness and sorrow of this event, the market doesn't have feelings.
Even so, Tengler does warn that markets could see a correction, although she sees that as an opportunity to add to positions because "liquidity always finds its way into risk assets." Matt Maley, chief market strategist at Miller Tabak, agrees with Tengler that the market could see a correction. Unlike Tengler, his concern lies in the market's belief that excess liquidity will be unlimited.
"What happened this week is a sign of that complacency in the marketplace," he said in the same interview. "I mean, we've had a 16% rally in just two months, and an almost 70% rally since March. So that kind of news should have been something that knocked it down a little bit more.
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TradingNation Algo-fuckery at hand. No doubt.
TradingNation Is this MSNBC or CNBC? STOP with the politics!!
TradingNation What’s with the parade of Liberals discussing social issues. I tuned in for Market news!!! STOP the “progressive” politics, or at least get someone from the other side!!!!
TradingNation God will take revenge on America for those leaders who fought against Al Qaeda, ISIS and all terrorist organizations, made by America and Saudi Arabia.
TradingNation realDonaldTrump Sir, you need to step down now, and Resign as President, cause they will charge you with all this conflict you started and having the Protesters 'ATTACK' the Capital Building, that is Unamerican and makes you a Traitor!!
TradingNation 🌟두 증인의 글로벌 금요예배 안내 2021.1. 9🇰🇷 2AM 동시통역 유튜브: 페리스코프: 트위터: 회개와_거룩함 주님의_길을_예비하라 메시아께서_오신다
TradingNation Terrorist ! Trump soldiers .
TradingNation I thought market is always forward looking ?