, Columnist
The Fed Is Setting the Mood, Not Trump or Selloff
Small-business owners and global fund managers feel good at a moment when you might think they wouldn’t be.
Main Street in Nantucket, Massachusetts.
Photographer: Scott Eisen/BloombergThis article is for subscribers only.
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As you might have read, global markets have sustained quite a shock in the last two weeks. Surveys and data gathered while the turmoil was at its worst is now beginning to appear, and the results seem very strange. Despite everything, confidence is holding up nicely.