And it is not so much of a "break" as it is a slow oozing over the line. Usually such news gets a lot more excitement, but most of the stock market news has been "three steps forward, two steps back:, while there hasn't been colossal collapses, but by the same time no fantastic rallies. It has been a slow progress. Even the news articles have been filled with "meh" and a warning eye towards its sluggish pace.
Part of that probably comes from the uncertainty in the
rulerleadership of the States, but even there Wall Street has pretty much decided that what damage will be done can be limited to particular industries and short time frames. Business as an organism indicates that they adapt to situations if they are going to survive and thrive. And this does come under the current administration's watch, even if their primary contribution has been to not screw things up too quickly or two much.
In the meantime, we'll cast baleful eye upon the housing prices in this neighborhood, the challenges of abandoned trade agreements, and the ongoing retail apocalypse, and coast this pleasant trend upwards as far as it goes.
[UPDATE: Annnnnd the President is talking about nuking North Korea and the stock market drops 200 points. Ah, well.]
More later,
