HN Explorer

Ask HN: Online resources to study/follow market dynamics for beginners?

4 points by psyfi ↗ HN
Last months were economic roller coaster, I figured out that this topic is something I (and most people) need to learn more about.

Many of the market movements this year where predictable, and people who "knows" are able to avoid the impact (or even profit).

Examples:

- COVID => Rise in medicine stocks and Dip in tourism stocks

- Rise of remote work => Dip in rent in SF / Vancouver etc..

- less COVID restrictions => more demand on Oil

- Higher Oil price => higher cost for international shipping => higher price of imported goods

- Chip shortage => higher price of cars and devices (even if used)

- Kremlin invades Ukraine => Dip in Crypto/Stocks and Rise in Gold/Silver

- No WWIII => Dip in Gold/Silver and Rise in Crypto/Stocks

- Economic Sanctions on Russian Oil => Rise in energy prices in Sanctioning countries vs Dip in non-Sanctioning countries

- High inflation data released => expectations of interest rate rise => Dip in Gold/Silver/Crypto/Stocks/currencies not backed by USD

- Higher interest rate => Less demand on mortgages => Slower growth for real estate market

I'm not happy that I only know about these AFTER they happen.. What to do/study/follow to be aware of such market movements before the impact actually propagate, so I can prepare?

Thanks in advance

2 comments

[ 3.6 ms ] story [ 18.2 ms ] thread
Bostonian
You could read the financial news, for example in the Wall Street Journal. With an online brokerage account at Merrill Edge, you get access to Merrill Lynch/BoA analyst reports, and with Schwab you get access to Credit Suisse. Such reports discuss the factors that affect the prices of individual stocks. However, since the financial markets are close to efficient, it is difficult to use such information to make money. If you can, you should consider getting a job on Wall Street.
psyfi
> However, since the financial markets are close to efficient, it is difficult to use such information to make money. If you can, you should consider getting a job on Wall Street.

This is not correct in all cases

People who sold their crypto first when they just saw the publicly available news about inflation, stopped more loss than many other people, because they just reacted faster, not because they are actually capable for Wall Street jobs.

Same for people who bought gold when they heard about Russian military build up on Ukrainan border.

Same for the normal guys who decided it's the time to buy another car and to wait before selling the current, when they heard a chip shortage is approaching

Same for people who bought Pfizer stocks in January 2020