A USELESS CLAIRVOYANCE

Why even armed with a perfect forecast of future societal conflicts, the answer is still not clear for traders

Some of you have brought up the recent riots in the United States, and have rightfully questioned how markets can rise in the face of this terrible news.

We will talk about this paradox, but before we do, I would like to assure you this letter will have no politics in it. There is no benefit with me spouting off what I think should be done. Or pontifi…