FOMO, YOLO, RINO: The quirkiest catchphrases explaining the surprising buoyancy of the stock market and economy
At the same time, the US economy appears to be in surprisingly good shape. And it's down toHere are some of the in-vogue catchwords that have been widely used to describe and explain market trends in 2023. ChatGPT's overnight success sent investors rushing to buy into companies perceived as being well positioned to benefit from the AI revolution.
"Developed economies continue to surprise positively. Inflation is cooling down and a soft landing now looks like a plausible outcome. This has led to a new acronym : the"Recession In Name Only" ," analysts at the boutique Swiss bank SYZ wrote in a note. It appears to suggest that the much-expected US recession has remained just a hypothesis and not a reality, given how resilient the economy has shown itself to be. And that's a cheerful enough situation for traders to pile into stocks. Other ideas that have had some influence on the market in 2023 include TINA and TARA sentiments,The first argues that investors should hold on to stocks — because even if they underwhelm, there's no alternative asset class that would offer better returns.
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