lukestein’s avatarlukestein’s Twitter Archive—№ 8,641

    1. Wondering about financial markets during the last week. Serious question*: Do they not know, do they not care, or was it all already priced in? Or is it just offsetting “bad” and “good” news?
      oh my god twitter doesn’t include alt text from images in their API
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  1. …in reply to @lukestein
    *A serious question, but not seriously phrased (i.e., misleadingly implies “market” has agency rather than just marginal traders’ CF forecasts and discount rates). And market participants can “know” or “care about” things even without price effects.
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    1. …in reply to @lukestein
      Happiness and justice aren’t the economy, the economy isn’t financial markets, markets aren’t the stock market, and the stock market isn’t the S&P. But BIG, heartbreaking things are happening at the important start of that list, and… much less at the much less important end.
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