2min chapter

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Price Drives Narrative (EP.271)

Animal Spirits Podcast

CHAPTER

The Market Is About to Open, What's the Worry?

A heavy bout of selling on friday and on monday. Investors worry about inflation, what's the worry? My opinion, sometimes stocks fall. People expected earnings to be way worse than they actually were. Andso people were way off sides. They had to cover. It was all technical in nature. But then it stopped. I think good financial commentators should be able to at least semi clearly articulate what's currently happening. Forget about the future, but couln you at least describe reasonably what's happening to day. This is why we need narratives, cause it makes us feel more comfortable,. To feel that we have an explanation, even when there's not one.

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