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Protests Are Raging in America's Biggest Cities. So Why Is the Stock Market up?
[Money] America seems like it’s on the verge of collapse. But not the stock market.On Monday, as cities around the U.S. grappled with clashes between racial justice protesters and police, and looting went all but unchecked, the Dow Jones Industrial Average closed up 92 points. Tuesday it was up another 150 points in midday trading to 25,630, the highest point since mid-March. The stock market’s placid reaction may seem incongruous at a time when, to anyone watching cable news or reading a newspaper, the U.S. appears to be in the middle of national emergency . But while the stock market can at times seem like a daily national temperature gauge, investors (many of whom, it’s worth noting, aren’t American) don’t necessarily think the way the rest of us do. With the caveat that no one knows exactly why the market does what it does, here’s why investors are likely ignoring the turmoil on U.S. streets. Posted by: Besoeker 2020-06-04 |
| http://www.rantburg.com/poparticle.php?ID=573411 |