What explains the resiliency of the U.S. stock market, despite the worst economic data in most of our lifetimes? Susan Schmidt, head of U.S. equities at Aviva Investors in Chicago, says the market is already looking ahead to next year. That doesn’t mean there won’t be some more volatility in the near term.

Mentioned in this podcast:

U.S. Equity Markets Stubbornly Ignore the Doom Everywhere

Extreme Behavior Is on Display Everywhere in the Stock Market

Black Swan Author Spars With Quant Legend Over Tail Risk Hedges