News Summary

• And a year before that, they were convinced that paying high prices for stocks popular with the wider public would make them rich..
• https://www.wsj.com/finance/stocks/beware-the-most-crowded-trade-on-wall-street-next-years-soft-landing-de101f35By Updated Dec. 15, 2023 4:54 pm ETListen(2 min)At the end of last year, investors thought recession was a done deal..
• The year before, they thought big tech would be immune to rate increases..
• This December, they believe, again with absolute conviction, that the economy is heading for a soft landing and lower interest rates..
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