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John Authers

The Markets Can See Reality, Even If Trump Can't

Investors have decided they can ignore the outgoing president and his evidence-free accusations of voter fraud.

Donald who? Investors have moved on. — Donald who? Investors have moved on.
Photographer: ALEX EDELMAN/AFP/Getty Images

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November 12, 2020, 5:10 AM UTC

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Another positive landmark for world markets arrived Wednesday, one that seemed scarcely possible a few months ago. As of now, global stocks excluding the U.S. are in positive territory for 2020. The U.S. market has stalled with gains for the year at 10%, just below a peak set two months ago. Now the rest of the world is closing the gap, helped by the positive news on the Pfizer/BioNTech vaccine: