A podcast I listen to suggested that “both good news and bad news are positive for the market these days.” Good news further buoy investor optimism. Bad news would prompt rates to come down, which lowers the cost of capital and thereby lifts stock values.
Maybe I’m old school, but with stock, housing, gold, and crypto at record levels, I think bad news is bad news as it pertains to their valuations. This is especially true as reflation challenges expectations of downward-sloping rate curves.
