Year to date, stocks are down.
1 calendar year though, most are still up.
I’d say it’s a few things:
Stock market loves de-regulation. (Fewer rules -> more profit.
Stock market loves the promise of corporate tax cuts.
Even with tarrifs and nonsense, most American stock indices are heavily skewed to the magnificent 7, all of which besides Tesla are fairly immune to global trade.
Not only immune to global trade : big s/p 500 companies might benefit from the chaos to consolidate at the expense of smaller companies that can’t adjust production across boarder or be effective at lobbying exemptions.
Then come inflation expectations with another layer of pushing stock, especially big cap indexes higher.
Year to date, stocks are down. 1 calendar year though, most are still up.
I’d say it’s a few things:
Stock market loves de-regulation. (Fewer rules -> more profit.
Stock market loves the promise of corporate tax cuts.
Even with tarrifs and nonsense, most American stock indices are heavily skewed to the magnificent 7, all of which besides Tesla are fairly immune to global trade.
Not only immune to global trade : big s/p 500 companies might benefit from the chaos to consolidate at the expense of smaller companies that can’t adjust production across boarder or be effective at lobbying exemptions.
Then come inflation expectations with another layer of pushing stock, especially big cap indexes higher.
That’s what I meant. Thanks for the clarification.