It’s the morning after the Vegas shooting. Over 50 innocent lives lost in another act of random violence that has shocked every decent person to their core.
Everyone except the markets, it seems, despite it being the deadliest shooting in modern US history.
Predictably, gun stocks have soared while the value of MGM shares (the company that own the hotel chain that was the scene of the massacre) have plummeted.
But for Wall Street and the other markets it’s almost like it never happened.
But imagine yourself, if you can, in America’s playground today. What would you be doing?
How many people are out and about enjoying what makes Vegas what it is?
How many have decided to end their visit early and go home?
How many others have decided to cancel their trip to Sin City?
How much money that would have been spent in Vegas today and in the coming weeks is going to stay at home. Probably billions, but that disturbance to the economy is being treated like a scraped knee.
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