Sam Ro quotes Gerard Minack in Business Insider:
To summarize: 1) we’ve seen this before, 2) we think the slowdown is temporary, 3) we think significant weakness will trigger stimulus, and 4) we think fiscal austerity is now less likely.
Still, Minack is pretty sure this resilience can’t hold for too much longer.
Read more at Why The Stock Market Has Been Bulletproof To The Bad Economic News | Business Insider Australia.