To paraphrase JP Morgan banker Jamie Dimon’s recommendation to buyers and analysts this week, the whole lot seems to be fairly good besides the chance that one thing actually dangerous might occur.
The inventory market, thus far, has largely recapitulated its sample from previous wars: promote the rumor, purchase the information. The S&P 500 hit a latest low on Feb. 23, the day earlier than Russia’s invasion. It’s up 167 factors since then.
