Economic puzzle, what’s the next move?
Jerome and Janet, what’s the beat?
Dancin’ with the numbers on Wall Street.
Outlook for Q2-2023 – As we approach the midpoint of 2023, the global economy is navigating choppy waters marked by a slow but steady recovery from the COVID-19 pandemic, high inflation rates, and other economic uncertainties. However, the resilience of advanced economies and growth impulses from China’s reopening in late 2022 has led to an improved outlook compared to the first quarter of 2023. Despite this, the global real GDP growth is anticipated to slow significantly to 2.5% in 2023 before picking up to 3.0% in 2024, according to Euromonitor International’s Q2 2023 baseline forecast.
Fear, Uncertainty, and Doubt (FUD) and Fear of Missing Out (FOMO) are two powerful psychological phenomena that significantly influence investor behavior in financial markets. FUD can lead to panic selling and market downturns as investors react to negative, uncertain, or misleading information. Conversely, FOMO can trigger buying frenzies and inflated prices as investors rush to participate in perceived opportunities. Both emotions can create market volatility and can lead to irrational investment decisions, underscoring the importance of informed, disciplined investing strategies.