US

Stocks have shrugged off Trump headlines to hit new highs this week

The US stock market has powered to new record highs this week as investors get increasingly numb to the Donald Trump headlines coming out of Washington. But the question remains: What can eventually derail this market? Baupost Group, a $US30 billion hedge fund, has cited the historically low volatility that’s being pushed lower by funds using instruments to short price swings. To them, the low volatility situation could trigger “the next financial crisis.”

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