Part 5

Confidence Drives Markets: Confidence Changes Faster Than Fundamentals

“Whenever we’re looking at something and how it affects markets, it’s not necessarily how fundamentals will change. It’s the confidence about those fundamentals. That’s why sometimes you see the market go a little crazy.” -Tom Lee

The stock market and consumer sentiment usually rise and fall in tandem. As consumers and investors become more optimistic about the state of the economy and their personal financial circumstances, stocks tend to rise. Similarly, when they become less c...

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Tom Lee's Seven Principles of Evidence-Based Research
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