Stocks are falling, while safer assets are rising after North Korea threatened to test a hydrogen bomb in the Pacific Ocean. Are investors pricing in North Korean risk properly? Are they too complacent?
All three major averages are struggling to hold on to record levels after the Federal Reserve signaled Wednesday it will raise rates again this year.
Deloitte’s third-quarter survey of CFOs finds them worried about the paralysis in Washington, D.C. and the growing tensions with North Korea.