Shanghai Composite, Hang Seng:
Waves Are Leading the Way
Looking back, it's always easy to "explain" why the markets fell or rose due to some news, event, government intervention, and etc. But what about before those things? Watch our Asian-Pacific Short Term Update editor give you a bold answer looking at Singaporean stocks.
"Asian stocks took a tumble on Monday as the number of Covid infections rise..."
Okay, that's not an actual headline, but it certainly sounds like one, doesn't it?
News people do it all the time: They pick a story and "explain" whatever the market did that day by tying the news to market action. (And when the news doesn't fit, they use the word "despite": "Stocks rose today despite rising numbers of Covid infections...")
The truth is, it's always easy to "explain" the markets in retrospect. But that's not forecasting. It's just rationalization.
Want to see how to forecast markets before the news -- even without any news?
Watch our Asian-Pacific Short Term Update editor give you a bold answer looking at Singaporean stocks.
Free, watch now >>
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