We should stop asking for stock markets to be open for every economic announcement so that traders can hedge their risks. Imagine if our market was open when these new tariffs were announced and old ones scapped- 12 hours later people are still asking whether the tariff for India is 18 pct or 28 pct or 10 pct now and whether this is temporary or final. Better understanding is more important than just open markets unless all traders feel they are above average in understanding and processing news and events faster.
Interesting thing is to see 2nd Exhibit- earnings were OK (flattish) for 4 yrs but in the same period stocks were down about 60%. This is what can happen when there is view on longer term disruption which does not...