FNArena’s Weekly Insights – April 03 2023
In this week’s Weekly Insights:
-Don’t Be Hoodwinked
-Consensus Targets, And Other Consequences
-Webinar on Copper
By Rudi Filapek-Vandyck, Editor
Don’t Be Hoodwinked
It is easy to be flummoxed by financial markets. At times prices go down on good news, other times they rally on what looks like a negative impact.
Not making matters any easier: the way we, the humans observing these moves, interpret what is happening is mostly an extension of our own bias and predilection.
Hence, it’s not difficult to identify the optimists in today’s market. They’ll tell you 2023 is poised for good news, because indices have refused to revisit the lows set last year. Inflation is coming down, albeit in a gradual manner, and central bankers are readying for a pause, followed by rate cuts later in the year.
Bitcoin and China are leading the rest of the world and financial markets. History shows the third year in the US presidential cycle is always a positive experience. Charlie Aitken at Bell Potter already declared we are in the early stages of a fresh bull market.
