Matter

Introduction What drives stock returns? Earnings, right? So, what drives earnings? Likely economic growth. After all, it’s much harder for companies to expand their sales and profits in a sputtering…

People dislike losses more than they like gains. Known as loss aversion, this phenomenon, or behavioral bias, serves as a cornerstone of Daniel Kahneman and Amos Tversky’s prospect theory. A…

Introduction A falling stock market is not bad for everyone. Sure, many investors lose out as their portfolios decline in value, but those who are just starting to invest or…

Consumer spending accounts for almost 70% of nominal US GDP. As such, consumer sentiment ought to have some correlation with market performance. Financial journalists certainly act as though it does….