Why the Stock Market Keeps Rising
The answer may be investors think the government will always run to the rescue. Also on this episode, how Amazon’s new boss is just like the old boss.
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There are a number of reasons for investors to feel apprehensive right now. The US-Israel war with Iran has led to the effective closure of the Strait of Hormuz and the worst oil shock ever, with parts of Asia facing fuel shortages and the global crisis deepening as every day passes. In the US, consumer sentiment is low, inflation is rising and the Federal Reserve even less inclined to cut interest rates amid the continuing chaos and uncertainty of Donald Trump’s trade war and what US courts have to say about it.