why inaction is often the best action in investing
Since I last wrote to you, a lot has changed in financial markets⌠The banking crisis has calmed (for now), the volatility index is down by almost half, official inflation data continues to cool, and stock indices have rallied 5-10% across the globe. On Wednesday, Morgan Stanleyâs CEO James Gorman stated âIn my view we are not in a banking crisisâ. Many US banks reported Q1 earnings this past week and so far the stock price reactions have been mostly positive. Bank stock performance in the...