No doubt, the news has been troubling this week. And while we should be careful diminishing such things, we should also be cognizant of the fact that the media (whose duty, I acknowledge, is to report) benefits markedly when its product spawns trouble in the minds of its customers. Per the last line in the opening paragraph to Bespoke Investment Group’s weekly message:
What a difference a few days makes. Heading into this week, the big market news was the DJIA’s 10-
day winning streak and its string of nine straight record closes. Just a couple of days later and a war of
words between two world leaders whose barbers should be fired, and now investors are focused on a
seemingly imminent nuclear war hyperbolic narrative that some news organizations are pushing.