The purported detonation of a hydrogen bomb by North Korea adds to the concerns of Americans on national security, making it a top priority of the electorate. WSJ's Jerry Seib explains how this is a double-edged sword for the front-runner candidates of both parties. Photo: AP
New indicators of a cooling economy eased inflation concerns, driving the S&P 500 to record highs last week. The index, which dropped around 4% in April, is now up 11% for the year. Will this momentum continue? Savita Subramanian, head of US Equity and Quantitative strategy at Bank of America, believes it will. She’s taking an upbeat stance on the current market outlook, and backs it with a look at long-term results from the past 300-plus quarters. “20 were recessionary, 13 were stagflationary,
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