While this might sound like the opening to those yellow credits floating through space at the start of a ‘Star Wars’ film, I’m actually talking about the stock market — summed up in the image below.

The problem with this week’s winners and losers is that we don’t actually have much company-specific information to go on. The usual external factors such as inflation fears, the Fed, Omicron, and all the rest, just continue to wreak havoc.

So, if there’s no company-specific news to account for their movements, what do we do? We listen to someone a lot smarter than us, and that person is our old friend Morgan Housel. In his most recent post, ‘Does Not Compute’, Housel starts by saying:

“A lot of things don’t make any sense. The numbers don’t add up, the explanations are full of holes. And yet they keep happening – people making crazy decisions, reacting in bizarre ways. Over and over.”

If you take any lesson away from another dreary-ish week on Wall Street, let it be from this article, which you can read here.

Jamie

MyWallSt

Horizon

Advisory

Market Movers: Chaos Reigns

What investors need to know