Are You Awaiting the Next Stock Market “Catalyst”?

The August Elliott Wave Theorist says, “In recent months, the media have focused on news as causal to stock market movements. Whether it is economic numbers, tariffs, OPEC’s actions, Russian shenanigans, the actions of special counsel, events in Turkey or Trump’s tweets, there is always a ready explanation—after the fact—for market movements. How valid is this perennial exercise? Do events outside the market really determine where it goes?” We thought it would be a good time to explore whether there’s a connection between news and the stock market.