Buy the Rumor, Sell the Fact Trips Up Markets
January 20, 2021 at 12:27 PM EST
What’s not to like about this list? Trillions more in stimulus, vaccines allowing a back-to-normal economy and a lowering of the political temperature – those are all good things. Yet, last week was a reminder that markets buy ahead of the news, and sell when the facts are revealed, making for a...