Mac1958
Diamond Member
I'm telling advisory clients now that the initial panic of this thing has set into markets, and the next phase will be "expectations".
In other words, we've had our initial freakout, and pretty soon we'll see "analysts" and "experts" making predictions on numbers like GDP, job growth, inflation and the unemployment rate, under our current conditions. The markets will then react to how the numbers look in comparison to those expectations.
So the next primary leg of this, as far as the directions of markets are concerned, will be based on performance vs. expectations, not panic.
.
In other words, we've had our initial freakout, and pretty soon we'll see "analysts" and "experts" making predictions on numbers like GDP, job growth, inflation and the unemployment rate, under our current conditions. The markets will then react to how the numbers look in comparison to those expectations.
So the next primary leg of this, as far as the directions of markets are concerned, will be based on performance vs. expectations, not panic.
.