A global pandemic, racial strife, political upheaval — and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968.
Both years featured history-making levels of tumult, and both could end up being good years for investors. While the current market still has some ground to make up, the trend over the past two-plus months has been aggressively higher, confounding those who can’t reconcile the disconnect.
Maybe it shouldn’t be such a surprise, though. In a market increasingly driven by dispassionate computers that run on algorithms, and investors who at least in theory are always looking ahead, the tendency to gaze beyond the news of the moment is always there.