The people with really high variance about the state of their health are, on average, not very healthy. If people expected 3% growth for the next decade the S&P might hold steady at 1,500, whereas if people expected growth of between −1% and 2% then the S&P might wildly fluctuate but always stay well below 1,500.
Also, some of the ways that the Fed can help the stock market harm the economy.
The point is that whether the market went up or down, and whether the news was good or bad, the pundits can “explain” the market’s movements using whatever evidence they have.
The people with really high variance about the state of their health are, on average, not very healthy. If people expected 3% growth for the next decade the S&P might hold steady at 1,500, whereas if people expected growth of between −1% and 2% then the S&P might wildly fluctuate but always stay well below 1,500.
Also, some of the ways that the Fed can help the stock market harm the economy.
The point is that whether the market went up or down, and whether the news was good or bad, the pundits can “explain” the market’s movements using whatever evidence they have.