Corporate CEOs and top executives desire certainty and resent unpredictable events. In this instance, there is an extraordinary high level of uncertainty. The chances are likely that companies will temporarily pull back until there is clarity.
A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It's derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew. They were overcome with shock and confusion when Dutch explorer Willem de Vlamingh discovered the existence of black swans in Australia.
The United States economy has been strong with record-setting high levels of employment. The stock market has rebounded incredibly since the financial crisis, increasing the net worth of many Americans.
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