Issue 39 – Food, Energy and Interest Rates Are the Risks

A Snapshot of the Market for the Week Ended October 8, 2021:

Bets that speculators make on the stock market are essentially gambits, which usually turn out to be inaccurate because they are essentially unscientific. Stock market outcomes are hard to call. Basically, price movements are tied to changing odds, which are caused by shifts in the zeitgeist. Indeed, the media often changes the showcase just to attract attention. Forecasting tomorrow’s headlines is crazy and impossible. Changing storylines can easily confuse investors with glib arguments. Yet both are widely read, giving them the power to change perceptions and odds over the near term. In this connection, it is important to assess whether headlines are valid and robust enough to change the basic economic scenario, which ultimately determines investment returns.

 

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By Hubert Marleau

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By Hubert Marleau