Last week, I saw this on the cover of The Economist. Covers like this are very often good contrarian indicators. It is Wall Street’s worst kept secret that they are using the media to manipulate markets to enter and exit their stock positions. Our job is to sieve through the news and spot the bullshit. Jesse Stine, author of the book “Insider Buy Superstocks” also called out Goldman Sachs as the “best in the business” of market manipulation.
I agree with this point as I believe that every news outlet has their own agenda and we cannot take everything at face value. One of the investors that I follow Michael Burry, also doubled down on China Tech stocks.
