Consider these plaintive questions:
Rogé Karma, The Atlantic: “Does the Stock Market Know Something We Don’t?
Spencer Jakab, The Wall Street Journal: “Why Are Stocks Up? Nobody Knows”
Jeff Sommer, The New York Times: “How Long Can This Uncanny Stock Market Prosper?”
Paul Krugman, Substack: “Policy has gone mad; why aren’t stocks down?”
The US stock market continues to defy expectations, reaching new heights. These gains come despite extreme geopolitical uncertainty and a possible breakdown of the global postwar economic order.
How can the US stock market be doing so well when the US economic outlook seems so uncertain? This stock market exuberance has confounded market analysts.
