It’s hard to take advantage of what everyone already knows. This is one of many reasons that index returns cannot be explained by valuations, especially in the short term. If everybody is aware of something, it’s hard to derive an edge from it. It’s what you can’t predict that drives excess returns.
One of the most important things to the stock market right now is interest rates. If you knew where …
One of the most important things to the stock market right now is interest rates. If you knew where …
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