Narratives Are Cheap. Trends Are Profitable. Know The Difference. Stock Market Narratives versus Trends
The purpose of this week’s article is simple: to drag traders back to reality at a time of year when reality is usually drowned out by forecasts, opinions, and wishful thinking. January is when everyone suddenly becomes a visionary. Targets get raised, themes get baptized, and narratives get promoted as if conviction itself were a strategy. But markets don’t reward conviction….