Brian Belski, chief investment strategist at BMO Capital Markets, talks markets amid the nationwide social unrest, increased US-China tensions and the COVID-19 pandemic.

A global pandemic, racial strife, political upheaval — and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968.

Both years featured history-making levels of tumult, and both could end up being good years for investors. While the current market still has some ground to make up, the trend over the past two-plus months has been aggressively higher, confounding those who can’t reconcile the disconnect.

Maybe it shouldn’t be such a surprise, though. In a market increasingly driven by dispassionate computers that run on algorithms, and investors who at least in theory are always looking ahead, the tendency to gaze beyond the news of the moment is always there.

Through midday, the Dow Jones Industrial average was up 65 points.

“The market always seems heartless, without any emotion, without caring, without empathy. But that’s the nature of the market,” said Quincy Krosby, chief market strategist at Prudential Financial. “The algorithms almost certainly have no shred of empathy. They’re not supposed to.”

Still, the market often will pop or drop on a headline, whether it’s directly market related, an economic data point or some geopolitical development.

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