FYI: The return of volatility in the first quarter versus 2017 was our focus last week. Some interesting pushback followed the premise that prices seem to ignore news sometimes and at other times hang on every headline.
My explanation: Most people have this correlation backward. Contrary to widespread belief, the news does not drive markets or prices; rather, it is the markets that drive news.
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-04-02/a-good-story-doesn-t-make-a-great-investment-idea
