[Andrew Sheng] Why are stock markets complacent?
May 27, 2019
There has been so much bad news lately that the only good news, if you believe it, lies in the stock market. Simply put, despite the trade war and all the political bad news, the US stock markets hover around historical highs. And Asian stock markets are still guided by sentiment in Wall Street.Is that market optimism justified?From its trough on March 9, 2009, to its last peak on April 23, 2019, the S&P500 Index rose 334 percent, so everyone who invested in US stocks has done well. How just