Pundits have railed against moving into equities too quickly, believing that consumers will remain reluctant to venture out for months, but the market may have discounted those sentiments.
Snapping the economy out of shutdown mode could be harder than expected.
The market may have discounted those jitters, understanding that people often undergo seismic shifts in sentiment over short periods of time. , confirming that Americans are still very wary of interacting with each other. not surprisingly, investors may be confused by those mixed signals. Astounded and depressed by these survey results, I considered that the market, in its infinite wisdom, might recognize the impact two months of social isolation could have on how the shell-shocked public would respond to questions about its next steps outside the house. The concept ofexplains that we are deeply affected by our most recent experiences, and our pandemic experience has been nothing short of life-altering.
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