Carnegie Market Blog

 

North Korea and Electric Cars

Posted by Brent Luce on Aug 10, 2017 3:04:31 PM

Market Weakness

Fears related to North Korea have knocked stocks out of the relatively flat range they have been in over the past few weeks.  This fear is evidenced by the fact that almost all stocks are down, while defense stocks and gold are climbing higher.  Although this is the biggest drop the market has seen since May, this “North Korea thing," is barely a blip on the radar screen (so far) as far as the market is concerned.  Looking back, it has been almost a year and a half since the market has seen even a five percent correction.  We know that the market dislikes uncertainty, so stay tuned…

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Topics: Tesla, North Korea, $TSLA, VIX

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