The US stock market has defied the odds this year, or so it appears, by running hotter and staying calmer for longer than expected, based on a variety of risk metrics. It’s unclear if this is due to a failure of the risk metrics, irrational exuberance run amuck, or both.
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Zimbabwe’s military appears to take over government: NY Times
China to send envoy to N. Korea: Bloomberg
Report finds that richest 1% own half the world’s wealth: USA Today
India will lead world’s energy demand growth through 2040: IEA
Senate committee reviews Trump’s authority to use nuclear weapons: ABC
Wholesale inflation in US for Oct posts biggest rise in over 5 years: Reuters
US small business optimism near record high in October: CNBC
Japan’s Q3 GDP rises 0.3%–longest growth run since 2001: Nikkei
The US labor-force participation rate has been sliding for 17 years: Philly Fed