Are Investors "Hearing" The Economy?
by Jim Welsh
Macro Tides Weekly Technical Review 12 October 2020
Selective Hearing and Options Redux
Any parent who has raised a teenager or doing so now can appreciate and understand the concept of selective hearing, since teenagers have mastered the technique. I have no idea if hormones play any role or if it is simply part of growing up. Financial markets go through teenage like periods when fundamental news is overshadowed by expectations of a better, or worse future and by the market’s current momentum, whether it is up or down.
Source: http://econintersect.com/pages/investing/investing.php?post=202010122357
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