Alarming for War
Financial market make no provision for the cost of economic nationalism, the destruction of alliances and the alignment of Russia and the US in an "obsedo-alliance". This will change. When it does expect recession or worse. The Confidence, Credit and Wealth loops from financial makets to the real economy are thick as arteries. As recession happens so will one of two other things: US recession kills off Trump. Or depression raises the risk of US authoritarionism.