A public screen displays the consumer price index (CPI) figures in Shanghai, China, on Monday, Oct. 10, 2022. Chinese semiconductor stocks slumped after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. Photographer: Qilai Shen/Bloomberg
Locked
The contrarian dilemmas in markets for 2023.
With many investors "scarred" from a brutal 2022, being a contrarian is not easy - here are some contrarian dilemmas in the 2023 markets.
By Katie Martin of The Financial Times
It's not easy being a contrarian. Generally, it is one of the most reliable tricks in the book: when risky markets are euphoric, sell. When they are in the depths of despair, buy.
That is always a subjective process. Right now, though, measures of the mood are throwing off so many conflicting signals that this strategy is inducing dizziness. How can you do the opposite when it is impossible to figure out whether investors are too happy or too sad?
___STEADY_PAYWALL___