The absurd case of Letitia James against Donald Trump could lead to a shock wave on the stock market

Financial markets are legendary for how quickly they process new information. For example, we all know how quickly the stock of the company in question can collapse due to a missed earnings estimate. But while markets are always trying to predict the future, they obviously can't predict it.

However, big events don't always impact stocks as much as we might think. In 1939, for example, the S&P 500's total return remained virtually unchanged even as Europe slipped into World War II.

This section of What's Ahead examines two different dark clouds that hang over us and are ignored by the markets. Investors should enjoy this bull market, but smart minds will keep a watchful eye on a world that appears to be headed for an explosion and a U.S. political system that is bent on self-destruction.

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