Here's why U.S. stocks haven’t flinched in recent weeks, despite a torrent of bad news.
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.
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White House press secretary pushes back on calls for Trump to address nation amid riots, protestsWhite House Press Secretary Kayleigh McEnany on Monday pushed back on calls for President Trump to address the nation amid the riots and protests that broke out across the country in response to Minneapolis man George Floyd’s death in police custody last week, maintaining that the president is committed to “action.”
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