Economics
Davos Predicted the Stock Market Selloff of 2018
- Delegates predicted complacency among investors on Fed rates
- Consensus right on bonds and Bitcoin, but not on commodities
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They may not be happy about it, but the masters of the universe proved accurate in predicting the stock market selloff of 2018.
Long ridiculed as a reverse indicator, especially for failing to predict the financial crisis, the consensus of delegates at the World Economic Forum’s annual meeting last January looks pretty smart one year on.