Reflections on Investing · Episode 41
When Bad News Is Good News For The Stock Market
The market’s worst day of 2022 was September 13th when the Bureau of Labor’s Consumer Price Index came in higher then expected. A month later the next CPI release was a similar surprise however the ma
The market’s worst day of 2022 was September 13th when the Bureau of Labor’s Consumer Price Index came in higher then expected. A month later the next CPI release was a similar surprise however the market’s reaction to that news was much different.
Former Goldman Sachs CEO Lloyd Blankfein remarked: “This is one of those trading days where if you really had the news in advance, you REALLY would have lost a lot of money.”