WHY THE STOCK MARKET IS UNAFFECTED BY THE CURRENT RIOTS

In fact, the American market has never been better. Here’s why. This is a list of America’s major race riots: 1919 Red Summer. 24 years later 1943 New York City race riot. 25 years later 1968 Martin Luther King assassination race riots. 24 years later 1992 Rodney King beating race riots. 28 years later 2020 George Floyd suffocation race riots. Investors know abuses happen all the time but national riots only happen once in a generation. Investors also all know the pretext changes but the economic results stay the same. By contrast, the politically correct classes -the media, the education industry — their message is: Keep America Ignorant. Pretend this is a one off. This is a game changer. But the rich — knowing history repeats itself — keep getting richer. How? By not being ignorant. By knowing that history repeats itself. Riots happen and will continue to happen every generation. Abuses happen all the time but national riots only happen once in a generation. The pretext changes but the economic results stay the same.

The market doesn’t care about ideological preconceptions, about political correctness, about virtue signaling, about celebrities taking a knee. The market doesn’t care about how many politicians delude themselves into thinking that their ability to manipulate words, images and sounds gives them the ability to control reality itself. In each stage of the riots, this delusion has been at work. Pretending the riots can be spun or “narrativized “ away. But the effort at reality-denial collapses when the riots are happening to your town, your store, your friends, your home, your life.

The smart money all know we can now look forward to a generation without a major riot: 28 years. And that’s why the market is going up.