A strong stock market underpins the US bipartisan culture of political corruption.
As Lenin said, "“When it comes time to hang the capitalists, they will vie with each other for the rope contract.”
intercst
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Who knows? Currently the S&P500 is at an all-time high, and market breadth is increasing.
DB2
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Investors are now less fixated on one particular variable — like a key inflation report — than in recent years, making the market more resilient to macro shocks, according to analysts at 22V Research.
Today, they say, seven variables — ranging from geopolitical risks to interest-rate moves — explain half of the S&P 500’s volatility, a sign of steadiness that has climbed back to its pre-pandemic level. It takes a greater breadth of concerns now than in 2017, when US President Donald Trump started his first term in the Oval Office, or in 2020, when almost 70% of S&P 500 volatility was driven by news about Covid-19, to move the stock market, according to 22V.
“More variables, like earnings, industry group, and factor exposures, matter,” said Kevin Brocks, director at 22V Research. “The macro picture has improved and the economy is further from recession.”
As Wall Street’s attention is getting divided between a bigger number of factors, investor focus on corporate earnings — one of the key drivers of the stock-market rally — is on the rise.
DB2
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