For the last two years, we have had to deal with endless fears about Brexit, Grexit, Frexit, the Italian referendum, a rise in interest rates, the cessation of QE, terrorist attacks, Crimea, Trump, Syria, North Korea, Hindenburg omens, and many other reasons the masses expected the stock market to crash. The stock market has, indeed, maintained a strong inventory of bricks to build its wall of worry. And, in true-to-form, bull-market fashion, not a single one of these events has even put a minor dent in the 40% rally we have experienced since the February 2016 lows. While many still pore over the news to tell us what they expect will happen to the market, we have had a very different view. In fact, back in 2016, we were looking to the 2500 region in the S&P 500 SPX, +0.05 as our target for what we Elliotticians call a wave (3) rally, which is a very strong rally phase, and we didn’t care about any of the news. You see, studies have shown that exogenous events don’t have the effect on the market that many believe they do, and 2016-2017 was a great case study to support this perspective.via