In case you were hoping 2020 was done with the bad news, these past few days were sure to disappoint.
On top of a now six-month long global pandemic and the resulting economic downturn, we’ve had a public display of horrendous police brutality.
And following that, we’ve seen the worst civil unrest in five decades, with protests, demonstrations, and unfortunately, violence and looting in many cities across the country.
Add to that reports that China is cancelling its commitments under January’s Phase One trade deal (along with the rest of the troubling tensions with China), and surely the markets should be down.
After all, how bad do things have to get to drive the S&P 500 down a few points?
Instead, markets opened flat this morning. And then the major U.S. indexes marched dutifully upward into midday.