Saturday 23 September 2017

US stocks shrug off N Korea, in "bubble territory"

Markets were mixed on Friday.

The S&P 500 rose less than 0.1 percent, the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 fell 0.3 percent.

Asian markets fell amid continued tension over North Korea but some analysts think that markets will be able to shrug it off as long as there is no military action from either side.

That is not to say that there is nothing for investors to worry about.

Howard Ma, chief investment officer at Meritocracy Capital Partners, thinks that the US stock market is at its fourth most expensive level ever.

"This puts the U.S. stock market smack-dab at the heart of bubble territory,” he said.

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