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Stock investors ignore the risks

The inverted yield curve? Forget it. An earnings recession? Not a problem. The trade war? So what?

Stock investors looked beyond those threats as they pushed the markets to record highs yesterday, Matt Phillips of the NYT reports.

• “The S&P 500 rose to a record on Tuesday, surpassing a high last set in September. The day’s gains topped off a rally that has pushed the stock benchmark up 17 percent this year.”

• “That’s the index’s best start to a year since 1987, and one that has confounded those who anticipated that 2019 would be a difficult time for stocks.”