Markets Ignoring Protests, But Trump Shouldn’t
(2 min read)
Unrest. Looting. Rebellion. Riots. All these terms and many more dominate news headlines as protests erupt across the US following the tragic killing of George Floyd by police officers in Minneapolis. Hopefully, the protests won’t distract from the urgent need to address the underlying issues that lead to such killings.
Despite the gravity of the events, US stock markets are up over 4% since the riots started – you would be forgiven for thinking that the streets of the US are calm and peaceful. The fact that the US was coming out of lockdown and so economic activity was at rock bottom could certainly be one reason for markets shrugging off the news. Another is that the riots are not expected to change monetary or fiscal policy. There’s no new stimulus bill that is being proposed in response to the riots.
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