Weekly Wall Street Cheat Sheet

The stock market took a hit this week as investors grappled with a slew of market-moving events. As the famous investor Benjamin Graham once said, “The intelligent investor is a realist who sells to optimists and buys from pessimists.” This week, it seems the pessimists had the upper hand. The downside bias was driven by a jump in market rates, a recalibration of rate-cut expectations, and increased geopolitical tensions. The added sticking point for the geopolitical angst, related to reports that Iran could soon attack Israel, was uncertainty related to the weekend and the potential that investors would not be ...