BoomerVille: World on Fire, But Stock Market Keeps Bull Run
To some it's that bad: the geopolitical chaos associated with Greenland, Iran and Venezuela. They have told me that they even have stopped watching the news. The world seems on fire. But the stock market keeps rising, not crashing because of the Trump administration's statements about what it intends to do as it aims to establish a sphere of influence. CNBC looked into this disconnect between global developments and equity markets. The headlining observation is by Benjamin Jones, head of global research at Invesco: “Many geopolitical events are troubling, but markets are callous and only react meaningfully and sustainably when these events impact economic fundamentals or lead to a change in policy ..." In addition, CNBC adds that where there is geopolitical risk, but not yet action taken, the market tends to chug along okay. This morning futures are up. We Boomers who are monitoring our investments obsessively can't believe our good fortune. So far, so good. The hope...