Interesting theory: "The Economist magazine cover" as the ultimate sign of consensus, so contrarian investors bet against it.
Old covers include:
◻️ "Brazil's Fall" = bottom of Brazil stocks
◻️ "The Almighty Dollar" = top of USD
◻️ "The end of oil" = bottom(ish) of oil
Old covers include:
◻️ "Brazil's Fall" = bottom of Brazil stocks
◻️ "The Almighty Dollar" = top of USD
◻️ "The end of oil" = bottom(ish) of oil
Obviously, there's cherry-picking here.
For example, this Big Tech cover in January 2018 did *not* call the top of Big Tech (not even close).
For example, this Big Tech cover in January 2018 did *not* call the top of Big Tech (not even close).
Anyways, the cover of The Economist this week was on DeFi. Not saying it's anywhere near the top, pls don't @ me (was just the latest cover and wanted to talk about the theory).
Here's an article explaining "The Economist Cover theory" (2018): seekingalpha.com/article/416061…
Here's an article explaining "The Economist Cover theory" (2018): seekingalpha.com/article/416061…
Anyways, I previously wrote 5 reasons I’m a fan of The Economist here: trungtphan.com/an-ode-to-the-…
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