A Dramatic Change

Please click here for a chart of  Nasdaq 100 ETF ().

Note the following:

  • As omicron spreads like wildfire, investors and Wall Street continue to suffer from the recency bias. The recency bias means that the road ahead will be the same as the road behind.
  • For investors, there is a dramatic change in facts.
    • Analysts are not fully incorporating the new facts into their analysis due to the recency bias.
    • Senator Manchin has stood up to President Biden and the entire Democrat establishment.