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The Times

positive investor sentiment doesn’t necessarily match the true value of stocks

  • Written by Jedrzej Bialkowski, Professor and Head of Department, Economics and Finance, University of Canterbury

Global stock prices dropped across the board late last year, by between 10% and 15% in a matter of weeks.

Fears of a recession took hold after a series of interest rate increases, stubborn inflation and geopolitical tensions in Europe and the Middle East. Uncertainty gripped the market and eroded investor sentiment, only for markets to bounce back...

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