U.S. stocks haven’t flinched in recent weeks as the coronavirus epidemic claims hundreds of American lives daily, the U.S. and China standoff threatens global trade and civil unrest sweeps through American cities in response to the alleged killing of George Floyd, a black man, by Minneapolis police.
Meanwhile, investors are viewing the protests in cities across the country as phenomenon that won’t directly impact corporate profits, while the ultimate political impact of the unrest remains to be seen. The most compelling example, however, may be the historically tumultuous year of 1968, when America and the world were gripped by political and military crises, but stocks did just fine.
Link is broken..
if retrench in coronavirus was the thesis we'd see more weakness in the coronavirus stocks (such as pizza delivery, software, etc ex the cure stocks).
The fed
I know why. Because people are not selling
I don’t need to read the article do I? Fed printing unlimited money can hold off any and all bad news.
Market has not flinched because they know that there is a president with balls in the whitehouse. He will bring the tugs to justice heh deserve!
What about profit booking ? I mean we have had a pretty solid relief really.
FOMO