Investors Look Past Headlines as Bull Market Roars Ahead.
'Markets hate uncertainty. It is one of the oldest saws in finance.
Yet even as a series of political scandals flare up in President Trump’s nascent administration, raising questions about his ability to pursue an investor-friendly agenda of tax cuts, deregulation and fiscal spending, the stock market just roars ahead.
Over the past two weeks, with the president’s immigration policies and Russia ties dominating headlines, the benchmark Standard & Poor’s 500-stock index has been setting new highs regularly.
For the most part, the stumbles by the administration have not been related to promises that Mr. Trump made — and that investors embraced — to recharge an economy that most economists believe is growing at subpar levels.
Still, that investors have chosen to ignore the chaos in Washington highlights just how deep is the belief (others might consider it wishful thinking) that Mr. Trump, at his root, is a president who will deliver market-friendly policies.'>>>
https://www.nytimes.com/2017/02/15/business/dealbook/stock-market-investment-trump.html?
I'm not betting. Thought I should share.