We Can't Blame Stock Market Volatility on COVID-19 Anymore

1/27/2022 9:33:00 PM

The global financial community’s herd mentality has helped investors move beyond COVID-19. Now, they’re obsessing over inflation, overvalued share prices and a pending conflict in Ukraine

The global financial community’s herd mentality has helped investors move beyond COVID-19. Now, they’re obsessing over inflation, overvalued share prices and a pending conflict in Ukraine

The global financial community’s herd mentality has helped investors move beyond COVID-19. Now, they’re obsessing over inflation, overvalued share prices and a pending conflict in Ukraine.

The market has moved on to other, more pressing concerns, say many investment professionals. At the beginning of the pandemic, investors fixated on the virus’ every move. They poured over data on company lockdowns and vaccine advancements to assess how well individual companies were strategically positioned to profit. The resulting calculations sorted the business world into neat categories of winners–like Peloton–and losers–such as cruise ship operators. But over the past 22 months, the market’s herd mentality has evolved into a herd immunity of sorts. As a result, Wall Street’s worldview is now what finance strategists call an “endemic”—rather than “pandemic”—mindset.

Read more: TIME »

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