Markets look forward not backward whereas traders look backward and not forward. This paradox means that whilst markets are thinking about next year traders are obsessing about last Wednesday’s sharp rate rise by the Fed.
This paradox means that traders are often left behind because their narrative is one of worry and concern whereas the market has already moved on from that and is pricing in what might happen in the future. This is something that might be happening right now as markets begin to move and investors stay stuck where they are.
excellent thanks so much Chris
very valuable
and most appreciated
Great wrap Chris