by Avi Gilburt
GoldSeek
For those of you that don’t already know my position about the general market, allow me to state it once again: I do not believe that fundamentals of the economy or the market are the driver of the stock market. Rather, I believe that market sentiment is the main driver of the market. And, I have explained my reasoning in this article if you want to learn a bit more about my perspective:
[…] This past week, we had a major economic report released with a really big miss on expectations. So, of course, those that believe the economy leads the market would expect the market to see a relatively large decline due to the size of the miss in expectation. Yet, there are those that believe that this big miss will cause the Fed to provide accommodation for longer than initially outlined, and the market would go up.