
RECENCY BIAS AMONG INVESTORS TRUMPS FRANKENSTEIN MUTATION — POWELL TO THE RESCUE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Recency Bias
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the drop on omicron mutation. This is truly a Frankenstein mutation and caused fear among investors.
- The chart shows that the volume was high during the drop even on a shortened trading day.