Dan Egan
speaker
94 appearances
2 recordings
1 series
first heard Nov 2018
last heard Oct 2020
Dan Egan’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
What actually changes in your financial plan off of the back of that?
Usually it's very, very little.
I would say right now, most people should be thinking more about how to get through the next sort of six to nine months until some sort of vaccine is widely available rather than the next week with the election.
Part of it is that when you're trying to anticipate what the stock market's doing, everybody else is doing that as well.
So the stock market is a forecast of what earnings, what revenues will come into companies over the next few years.
And other people are forecasting that too.
So when you try and kind of outthink the stock market, you're trying to out-forecast somebody else's forecast.
You're trying to kind of like outwit them.
And it's not just one person, but hundreds and thousands of professionals who are running those forecasts.
It would be very unusual for a normal person sort of as their hobby or their spare time to be able to do that.
So I think it's really important to know that the stock market isn't going to necessarily react to news because they might have already said, well, it's likely that this person will become president.
And in that case, here's what we expect.
So oftentimes, a likely thing has already been incorporated into the forecast and into the prices that you see in markets.
It's surprises that tend to move the markets.
One of the key things is coming into an election, if it's close, as they usually are, there's a little bit of heightened volatility because there's uncertainty about what the future holds.
And the market tends to dislike uncertainty.
What we often see is that after the election has been concluded, the volatility in financial markets following the election is usually the same as any other point in time.
So we don't see additional volatility because of election results.
If anything, it's sort of you're more likely to see uncertainty and volatility coming into election week rather than leaving it.
WSJ Your Money Briefing · We've Learned Surprisingly Little from the Financial Crisis · 15 Nov 2018
podcast
I think there's two elements to it, though, that we need to understand.
Showing 41–60 of 94 · page 3 of 5
← Previous
Next →