How ‘Bout That Market: 2/27/2017 Crisis
How ‘Bout That Market? This is a question I hear at social gatherings often enough that it makes sense to make it a regular entry on this website. The Market The markets continue their march upwards in spite of unrelenting headline risk. The stretch of positive performance is somewhat unnerving because of two streaks: an 11-day winning streak for the Dow and 48 days without a 1% move in the S&P 500. This is really weird action, especially in the face of an emotion-driven news cycle. Have we finally reached the point where reporting everything as a crisis means that nothing is a crisis? Liz Ann Sonders remarked on a call that when there are so many voices calling for a bubble, it’s not a bubble. I’m inclined to agree. Even the perma-bears seem to be tiring of shouting bubble all day. News seems to have devolved into second-guessing President…