Why stock markets are so calm in the age of Donald Trump + MORE Nov 27th

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Why stock markets are so calm in the age of Donald TrumpTraders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on November 15, 2017 in New York, as US President Donald Trump delivers a televised statement from the White House. / AFP PHOTO / Bryan R. Smith (Photo credit should read BRYAN R. SMITH/AFP/Getty Images)
When did the Masters of the Universe become so Zen?
Much of the world freaked out over Donald Trump in 2017 in one way or another. But not Wall Street. Investors carried on enriching themselves and their clients like nothing unusual was happening in Washington. American stock markets have climbed steadily from one high to another, amidst an unusual level of calm.
That seems odd, given Trump’s attack on the established order. The war between the Republican Party and the Democratic Party never has been more intense. The Federal Reserve Bank of Philadelphia’s Partisan Conflict Index, which measures federal political tension by counting newspaper reports of disagreement each month, jumped after Trump was elected…

Continue Reading On macleans.ca »

Why stock markets are so calm in the age of Donald TrumpTraders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on November 15, 2017 in New York, as US President Donald Trump delivers a televised statement from the White House. / AFP PHOTO / Bryan R. Smith (Photo credit should read BRYAN R. SMITH/AFP/Getty Images)
When did the Masters of the Universe become so Zen?
Much of the world freaked out over Donald Trump in 2017 in one way or another. But not Wall Street. Investors carried on enriching themselves and their clients like nothing unusual was happening in Washington. American stock markets have climbed steadily from one high to another, amidst an unusual level of calm.
That seems odd, given Trump’s attack on the established order. The war between the Republican Party and the Democratic Party never has been more intense. The Federal Reserve Bank of Philadelphia’s Partisan Conflict Index, which measures federal political tension by counting newspaper reports of disagreement each month, jumped after Trump was elected…

Continue Reading On macleans.ca »

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