I posted just moments ago on JPM's call for US S&P500 stocks, a lot higher!
This from Bloomberg on JMP clarifying why stocks
are
actually
falling
- "To some extent, we trace the disconnect between negative sentiment and macroeconomic reality to the reinforcing feedback loop of real and fake negative news,"
JPM make the points:
- "Domestic political opposition may have an interest to paint a negative economic picture, individual market analysts gain more visibility and coverage with negative calls, and foreign adversaries amplify a negative news cycle in order to foster divisions and erode confidence in financial markets and the economy"
- "There are specialized websites that mass produce a mix of real and fake news," Kolanovic wrote. "Often these outlets will present somewhat credible but distorted coverage of sell-side financial research, mixed with geopolitical news, while tolerating hate speech in their website commentary section."
- "If we add to this an increased number of algorithms that trade based on posts and headlines, the impact on price action and investor psychology can be significant"
Mmmm, I m going to have to disagree. All of the above have been going on during the huge, huge, stock market surge. JPM need to address 'So, why now?'
-
ps. I wonder what websites they are talking about? :-D
pps. Article is via Bloomberg, here it is for more
