February 10, 2023

The Stock Market Is Suddenly Dropping. It’s Time to Stop Looking to the Future.

The stock market is losing steam all of a sudden, probably because investors had just gotten too aggressive in their assumptions about a recovery in the economy and profits in 2024.

The market has been plain old weak in the past several trading sessions, without a particularly strong reason. The messages from Federal Reserve officials have been mixed, giving markets neither a reason to rise nor a clear trigger for a decline.

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