Review: European stocks rise for 8th straight session as euro slides after violent Catalonia vote

Review: European stocks rise for 8th straight session as euro slides after violent Catalonia vote

Big political events often have big impacts on the stock market. But often it’s not immediately apparent what that impact will be. This article points out that on Monday the Spanish and broader European markets were pretty calm. Though the author couldn’t help pointing out that the Spanish market had its worst day since mid-August on Monday (in other words, a month and a half). This should serve as your periodic reminder of two things: The media is going to hype up any and every story that they can. They care about views and ad impressions, not what’s best for your portfolio. There’s always something scary on the horizon. The truth is, we have no idea how the situation in Spain will play out – or how it will affect the markets. The market’s response is based on expectations – is what happened better or worse than the market expected? We only need to look at what happened after Brexit to see this in action. So what does this mean? It means that through everything, focus on staying the course. There’s always some reason to think that you need to make changes – that this time is different – but […]

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Review: European stocks rise for 8th straight session as euro slides after violent Catalonia vote

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