Markets Steam Ahead Despite Natural Disasters and Political Chaos
With apologies to the U.S. Postal Service, it seems that none of the hurricanes, fires, geopolitical nuclear threats, the hacking and release of critical personal information of probably everyone reading this, alleged Russian influence on the presidential election, or a restive domestic political circus could keep stocks from their appointed gains. While any of the above could have derailed the consistency of the advancing markets, ultimately none could thwart the upward march for long. With a tailwind made up of low inflation, modest but sustainable growth, and improved corporate profits, the economic climate was ideal for continued stock gains. These factors overshadowed the political chaos and natural disasters we have been experiencing.