Today’s stock market is as different as it can be from the one that most investors are used to seeing in the past. The new market regime requires participants to be more aware of what is happening everywhere, lest they miss out on life-changing opportunities or overstay their welcome when things are going well and give up most (if not all) of their gains back to the marketplace.
The true way to stay in sync with the market is not by watching and understanding one market closely every day, such as the S&P 500 or other stocks, but by keeping track of what other asset classes are doing and the message being developed in terms of narrative. Without this understanding, investors might fall into the daily whipsaws and temper changes the market is known for having.
