2018 has been proof that the era of stability and forecasting is over: volatility and unpredictability is officially the name of the game.Nonetheless, Deutsche Bank chief international economist Torsten Sløk has drawn up a comprehensive list of 30 events that could shake up financial markets this year.
The higher up on the list, the more immediate the concern, Sløk told MarketWatch.
“We’re in an unusually difficult situation,” he said. “The fact that there are so many topics on this list, and that they are so diverse, tells you something important about the market.”
Reason for suspicion
But he indicated that there’s actually no attributable reason for why the stock market was falling.
“Usually there’s a good explanation, be it from earnings revisions, new economic data or surveys of sentiment,” he told MarketWatch.
“The very unique thing about markets since October is that we have on all three fronts seen little change whatsoever. If you look at all these data, it is just really strong, and it can’t justify the decline we’ve seen in the stock market.”
“If you can’t explain why the market is moving, you should be suspicious of the moves the market makes.”
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