, Columnist
Markets Are Tuning Out a Lot of Unpleasantness
Stocks are showing a heroic faith in the prospects for fiscal stimulus, ongoing central bank support, and the swift arrival of a Covid vaccine.
Are stocks oblivious to risk or just good at ignoring the political noise?
Photographer: Monty Fresco/Archive Photos/Getty Images
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Covid-19 never goes away. Monday, a generally calm day for world markets, nevertheless brought the news that Ireland is locking down in the face of a fresh outbreak, while the world awaits what could be a crucial hearing of the U.S. Food and Drug Administration on Thursday that will consider whether any vaccine candidates are worthy of emergency approval.