By Aaron Task “Price dictates news…”
It’s an old Wall Street saying meaning that when the market is going up, investors and journalists will focus on what is positive.
And when the market is going down, people emphasize what is negative…
We saw this play out in dramatic fashion last month. The first half of January featured a sharp rally and a focus on all the “good news” – big gains in 2019, followed by the U.S.-China Phase One trade deal, fueled some market exuberance.
Last year, the market peaked on January 17, when the S&P 500 closed at a record high of 3,330. At that point, …read more
