The same mood which drives the stock market is the same mood which drives other social actions. D’You Know What I Mean?
Read this insight from our September Global Rates & Money Flows:
Oasis, the iconic band of the Britpop era in the 1990s with anthems such as “Don’t Look Back in Anger” and “Champagne Supernova,” have reunited to go on tour next year.
The band is fronted by the two brothers, Liam and Noel Gallagher, well known for constantly squabbling. Their animosity reached a head in August 2009 when, after fighting in the dressing room, they famously cancelled a gig in Paris at the last moment and split the band.
In socionomic terms, that was interesting timing coming, as it did, at the end of a period of negative social mood, as can be seen in the chart of a British sociometer, the FTSE 100 index, below.
Negative mood brings division and positive mood brings reconciliation, and so it is fine timing that Oasis is reuniting now, at what could be the end of that 15-year uptrend in the sociometer.
Liam and Noel may not be looking back in anger now, but investors might well be a few years from now.
Social mood controls a lot more than music and it did a heckuva better job with interest rates and inflation than the Fed.
If you’d like to learn how we track society’s mood in real time – so you can anticipate tomorrow’s news – follow the link below.