The conventional wisdom among economists is that large, liquid asset markets like the US stock market are incredibly informationally efficient. The Efficient Market Hypothesis (EMH) means that thes…| Economist Writing Every Day
Will Growth Stocks Continue to Trounce Value Stocks? It’s no secret that growth stocks, mainly big tech companies like Apple and Microsoft, have massively out-performed so-called value stocks in th…| Economist Writing Every Day
Last week I laid out my own expectations for what economic policy would look like in a Trump or Harris presidency. Now after yesterday’s market reaction, we can infer what market participants…| Economist Writing Every Day
Kalshi just announced that they will begin paying interest on money that customers keep with them, including money bet on prediction market contracts (though attentive readers here knew was in the …| Economist Writing Every Day
| investor.vanguard.com
