睇news的確重要
大學教fundamental野唔會教你睇市
Fundamentals are the frameworks and assumptions are the contents. Together, they make up the price.
Many ug grads missed an important concept about information priced in. Market movement isnt about the information itself, but the deviations from assumptions people made.
Example can be stock price goes down after record breaking earnings but missing estimates. That's becoz people already priced in an even better result.
Alternatively, today's market dropped becoz people expected FOMC and ECB to cut rate given the weak econ, and however, US economic data released today were strong while Draghi didnt give any dovish signal during the ECB speech. Again, its all about the deviations from the original expectations.
Sorry我打英文快過中文