Markets Are Creatures of Momentum and Emotion

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I do not think, however, that the fun is probably over in market. We are heading into a federal reserve policy tightening cycle. And growth and demand have been excellent, but are maybe now looking a shade worse. But the tricky thing about markets is all of those things could be true and no sell off, and it would still make a good amount of sense.

Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session, Peloton has come under attack from an activist investor, and the United Arab Emirates said it intercepted two missiles launched by the Iran-allied Houthi rebels in Yemen.

Mentioned in this podcast:

US stocks reverse severe losses as buyers step in

UAE intercepts ballistic missiles fired by Houthis over Abu Dhabi

Activist investor urges Peloton to fire chief and explore sale

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Robert Armstrong’s “Unhedged” newsletter

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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