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The market will finish Friday green…

There, I said it.

And it’s because of this one little indicator.

See, whenever I see panic in the market I tend to go over to Reddit and have a look at what the status is there.

Reddit tends to be the broader view on how things are going…

And you’re met with posts like this.

And this one…

And a dash of impending eventuality…

Note the timings…

You can literally see the market turn as the posts get closer to the end of the week.

When people in forums are panicking and posting their losses, that isn’t the real pain…

The pain is when they are long, realise a loss and the market then goes their way!

It’s always great to look at stuff like this and get used to how emotions change during ‘bad’ weeks because most of the time, it actually signifies some opportunity…

We note things like this regularly in Fink Premium.

If you aren’t already a subscriber then join and supercharge your portfolio with 869 fellow Finkers.

‘The 10 richest people in the world lose $66 billion in a day’

…says Forbes.au.

Why is this stupid?

Well, they haven’t ‘lost’ anything.

Yes, the value of their shares have changed, but this is not a ‘loss’.

See this is our problem with a lot of financial media — they turn into tabloids to get clicks — maybe that is Google’s fault or something.

But the point is that they play on people’s ignorance.

Yes, $66bn is a big number, but it’s an irrelevant number too.

The fact of the matter is, they largely do not care about their share prices, these CEOs — they care about their visions which will ultimately lead to an increase in share price, sure.

But their goal is not to just sell shares as and when the market might dictate.

A lot of share sales are planned (in fact, most are) and are sold regardless of market conditions within reason, of course.

So where the media likes to focus on big shiny numbers and perhaps bad or crazy news, the CEOs and those in the trenches are more focused on how best to innovate, service customers and grow businesses.

It’s a strange dynamic, certainly.

What you need to know next week

• Blockbuster: Apple, Microsoft, McDonalds, Meta and Berkshire Hathaway all reporting next week 🤯 (link)

• Bank of Mingland: no one knows what they’re doing because Andrew Bailey hasn’t spoken since before the election. Thursday is the rate decision, but we will be covering it in the Macro Factor more broadly on Monday (join for £6.99)

For you traders out there, check out TradrLab.

Had a chat with these guys yesterday and they’re nice and switched on, with a solid product.

This isn’t a paid promo, I just reckon you can benefit!

PS. if you’ve read this far you can get 15% off any Fink Ultimate subscription using this link (offer ends tonight!)