Market Overview Analysis by Lance Roberts covering: S&P 500 VIX Futures, CBOE Volatility Index, S&P 500 VIX Futures, SP 500 VIX Short Term Futures TRI. Read Lance Roberts's latest article on Investing.com
“There is only one true law of history, and that is the law of unintended consequences. In the early 1920s, the University of Chicago economist Frank Knight famously drew a distinction between calculable risk and unknowable uncertainty. He overlooked a third domain: Unintendedness — where what happens is not what was supposed to happen.”
These two behaviors tend to function together, compounding investor mistakes over time. As markets rise, individuals believe the current price trend will continue to last for an indefinite period.In 2023, the big story is the surge in interest rates. Higher borrowing costs impede economic growth, which ultimately reduces corporate earnings.
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