What’s Behind Wild Market Overreactions

0 6
James McIntosh

A Wall Street cliché is that investors hate uncertainty. Their recent response has been to switch from being absolutely certain of one thing to being certain that the opposite is true, leading to violent movements in the markets based on thin evidence.

This week’s inflation figures indicated that another movement in the market statement was in denial, and something on the face of it that was a real response to some good inflation figures.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Leave A Reply

Your email address will not be published.