April 5, 2018
By Peter Bower
Despite the crashing waves of domestic and geopolitics, our ship of state keeps on sailing. This points to the usual separation of politics from economics in investing. Certainly, at extremes, one can intrude upon the other, but those are unusual and infrequent.
The norm is that investors are more concerned with business revenues, earnings, and growth. That is still the case today.
A trade war could affect business opportunities, but even that impact is probably overstated and will turn out to be more about posturing and negotiation. Obviously, this risk needs to be monitored as well as many others. However, unless a risk rises to the level of reality, the underlying business fundamentals drive business values. These continue to be excellent. Stay steady, my friends.
The Lonely Bull
