Remember that the stock market is not the economy and has a life of its own. Its owners are fully capable collectively of excessive optimism, denial, blindness, confusion.
Since the markets typical move on REAL data and since the effects of the HCB haven't been felt yet (though some companies are reporting estimates of pain), I think the markets are still assessing the future effects of the HCB.
In its optimism, the market may be expecting the HCB to be "fixed" such that it deadlier aspects are removed. I am not of that opinion.
Thanks for the information. Will I guess we will see what happens. The big corporations are now getting a chance to really look at this bill and they are freaking, so I expect the market to follow suit...
I think something else that supports the market is the fact that so many 401Ks and Roths, etc. are on auto pilot. Just like so many people don’t really care about politics, many just put their savings in Mutual Funds. “Diversity “ just means several Mutual Funds. That money keeps going in, week after week, and has to be put where the fund it aimed.
I would love to see information from anyone here that knows what percent of plans are invested in individual stocks and ACTIVELY traded. Anyone know??