Why the stock market rallied even as a violent mob stormed the Capitol

We are a long way from an actual revolutionary situation. As long as the stock market is doing well, and as long as the military remains loyal to the state, there is no revolution. Those two things are the only two things the power elite care about. When their wealth is actually threatened or when state security forces defect or fracture, that’s when the power elite will go into panic mode.

By William Watts, Market Watch

A mob stormed the U.S. Capitol on Wednesday, but investors showed little reaction — lifting the Dow Jones Industrial Average to a record close and showing little appetite for traditional safe-haven assets despite violent scenes that temporarily interrupted the ratification of President-elect Joe Biden’s Electoral College victory.

That’s because the invasion of the Capitol did nothing to change expectations around the near-term political and economic outlook.


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