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Opinion
Mark Gongloff

Maybe Markets Keep Selling Off for Good Reason

As if the pandemic, Ukraine war, inflation and energy crises weren’t bad enough, along came Liz Truss.

It’s never a good sign when this guy’s having a bad day.

It’s never a good sign when this guy’s having a bad day.

Photographer: Spencer Platt/Getty Images North America

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Back in July, this newsletter pointed out that everybody hated stocks, which could be a buying opportunity. Like a bag of shredded cheese, that call had a shelf life of about a month. Today people really hate stocks even more than they did in July, as Jonathan Levin and this cheerful chart point out: