“As each new disruption set off waves in the political realm, something totally unexpected happened in the markets: They ignored it. Stocks, already on an eight-year upward march, just kept rising, calmly breaking one record after another.” Even after an extremely long boom cycle, the stock market’s climb has been impervious to the chaos in DC. Trump won the election. Stocks went up. The investigation into the Russian scandal picks up steam. Up. Pull out of the Trans-Pacific Partnership and threaten to dump NAFTA. Up. Threaten war with North Korea? Up. Make positive comments about starting a trade war. Meh. Gary Cohn leaves. Ho hum. In Politco, Ben White ponders a question that’s been running through the minds of many investors: Why Isn’t Wall Street Freaking Out About Trump?

+ The New Yorker on the steel tariffs that pushed Gary Cohn over the edge and out the door.

+ WaPo: Canada and Mexico could be spared as Trump is poised to sign steel and aluminum tariffs by week’s end