It has been interesting watching investors make decisions based on forecasts made by people who literally consume corporate excrement media as if it was even remotely-accurate.
The legacy stupid media has been wrong about so many things, and is used by the upper tier financiers to manipulate the upper class (way low compared to ruling class) to divest at times of opportunity for the ruling, and buy at times that benefit the ruling.
The fundamentals are rarely understood by the “upper class”, so they get used and abused as a normal part of the brokerage and media cycles of information manipulation.
Most of the “gurus” consume the corporate media excrement and base their forecasts on those assumptions, which is almost hilarious to watch. They aren’t familiar with things that governments and corporations can or can’t do, but instead talk about political philosophy and government initiatives. Look at how Net Zero worked out for Spain and Portugal, for example.
Look at how modernizing military industrial capacity is working out for Europe. These guys think modern technology can just be ordered off a shelf somewhere, after their parliaments treated defense like the enemy for the past 40-70 years in most cases. Their fighters are still powered by 16,900-22,200lb thrust class turbofan designs from the 1980s. They haven’t even moved up to US 1970s class turbofans, let alone what we did in the 1980s, 1990s, 2000s, 2010s, and what we’re doing now with 43,000-47,000lb+ class motors with variable 3-airstream paths and stealth features.
Demand for US aerospace and exclusive industries is only increasing. The US remains the #1 destination for Direct Foreign Investments for 13 years straight, but the talking heads are running their mouths about detachment from the US, even as the UK and Germany double-down on their multi-billion orders from the US.
There are tiers of market knowledge, and the top tier is exclusive to only a few people.