"Tariff Shock and the Triple Hit on Global Markets" скачать в хорошем качестве

"Tariff Shock and the Triple Hit on Global Markets"

The Economist has used bearish views on the US dollar, US stock and bond markets, and the global economy as its cover theme for three consecutive weeks, which is very rare in history. Yardeni Research mentioned that recently there has been a rare wave of "extreme pessimism" in major financial media, which has attracted attention. "We can hardly recall a time when this has happened before," the analysts said. Yardeni believes the panic may be overdone. "As extreme pessimism looms over global markets, we can't help but think of an old saying: 'It's always darkest before the dawn.' The market always sees the dawn of bullishness at its most pessimistic moment." Recent data also reflects the market's extreme lack of confidence in the future. Yardeni noted that the long-short ratio has collapsed significantly, and according to the consumer sentiment survey, 44.5% of respondents expect the stock market to continue to crash. Among them, young investors are particularly pessimistic. Among those under 40, only 31.8% believe that the stock market is expected to rise in the coming year. However, Yardeni believes this is showing that the "reverse operation" signal is beginning to flash. “The level of anxiety that has accompanied this year’s bull market is itself like a sentiment bubble.”