Wall Street not anywhere near pricing in a larger regional war with Iran this year.
Share to linkedin... [+]ASSOCIATED PRESSAlas, it appears the world is not heading for Armageddon. Central banks, fiscal stimulus here and abroad and the unlikelihood of a prolonged war with Iran have investors bullish despite a lame start to 2020.
tensions with Iran are worrisome, but he doubts that will stop the S&P and the Dow from reaching new highs again this year.
It makes sense that yesterday’s risk-off move faded somewhat on Tuesday, with crude oil prices falling and gold failing to consolidate Monday’s highs.... [+] Asian equities were all in risk-on mode today. Mainland China stocks had another strong day as market sentiment appeared to lift all stocks. The U.S. might not be the standout performer this year, but most people with money at work in the markets, whether it’s $1,000 or $1 million, should see their money grow.Doll predicts U.S. earnings will fall short of expectations in 2020, partially due to rising wage rates.
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