How the Market Blew Off Ebola

Many market players likely attributed Wall Street’s non-reaction to the New York City Ebola case to every excuse but the real factor lifting stocks. I indicated the rally would build steam last week, but my correct call had little to do with Ebola or the avoidance of a broader outbreak in the United States. Rather, the catalyst and cure was a forthcoming event today that the market has its sights set on. Anticipation of this pending event was so powerful it carried stocks right through the discovery of Ebola in America’s most populous city. See more on the market’s courageous gains here, and why I see it turning to cowardice today. Interests SPDR S&P 500 (NYSE: SPY).