An excellent summary by our favorite economist Brian Wesbury of First Trust.
We don’t want to act like experts in geopolitics and we can’t ignore events in North Korea.
But while some investors think tensions with North Korea will lead to major market troubles, we don’t. If history is a guide, the fear leading up to an event has a much larger impact on financial markets than the event itself. We don’t think that this time is different. Profits drive stocks, and when events take the focus away from fundamentals, buying opportunities arise. [Read more…]