The S&P500 hit a recent peak in July. Following the Silicon Valley Bank panic low in March, it rallied 20% into that peak. This was the market realising that the economy remained strong.
The rally into the July peak priced in the strong economic growth in the three months to September. It’s as simple as that.
But since that peak, you’ve seen the S&P500 fall nearly 10%.
And as I show you in this week’s episode of What’s Not Priced In, major share markets in the US…
Comments are closed