Stocks Analysis by Avi Gilburt covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, US Dollar Index Futures. Read Avi Gilburt's latest article on Investing.com
Well, I am quite sure there are other issues that many are focused upon which I did not enumerate. But, the point is that almost every single article written about the stock market focuses upon at least one of these issues as being of utmost importance to the next move in the
However, the study concluded that"macroeconomic news explains only about one-fifth of the movements in stock market prices." In fact, they even noted that"many of the largest market movements in recent years have occurred on days when there were no major news events." They also concluded that"there is a surprisingly small effect from big news of political developments and international events.
Intuitive and knowledgeable investors and analysts recognize that market participants move in"herds" in the same way as many animals. You see, humans are hard-wired for herding within their basal ganglia and limbic system within their brain, which is a biological response they share with all animals. And, this is driven by emotion and not by"reason."
So, while almost all authors attempt to reason with the market based upon all the factors outlined above, we have to finally come to the realization that it really is useless if our goal is to determine which way the market is going to move based upon societal sentiment. As I have said before, attempting to reason with the stock market is akin to attempting to use logic to reason with your spouse when they are emotional.
Now, consider how I also recently suggested that we will likely head down to the 4230-4274SPX region when the market was in the 4500SPX region. Did any of those expectations include an assessment of ANY of the factors noted above? Did any of that matter to my view?
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