Investors look on U.S. Capitol breach with ‘muted reaction,’ worry if escalates
The scene of supporters of US President Donald Trump rushing into the Capitol to undo Trump’s election losses shocked the world on Wednesday.
Most investors view the turbulence as a short-term event and are unlikely Asset prices have a lasting impact.
After a vote on control of the Senate in Georgia on Wednesday, control of the Senate passed to the Democrats, which helped the S&P 500 and Nasdaq to set new records. The stock market has indeed increased.
Prices for gold and The Cboe Volatility Index, known as Wall Street’s fear gauge ended lower.
Chief Investment Strategist at Inverness Counsel in New York, cautioned that if the situation escalates stocks could be hit but said investors were taking it in stride.
Prices for crude oil may be one area that could be vulnerable to profit-taking if the unrest in the Capitol grows more serious.
Most investors remained confident that the situation would remain contained.
