Yaaawwnn. The stock markets in the last few weeks have been rather boring and uneventful. The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction. The daily market moves up a bit and then down a bit. All in minuscule steps. We recently have gone through the least volatile period in almost 23 years.
This market action can lull one to sleep.
But don’t let your guard down.
It is a good time to revisit two of our psychological quirks we are saddled with as part of our evolutionary baggage.