One of my fondest childhood memories was receiving a Magic 8 Ball as a birthday gift. I thought to myself, “Could the Magic 8 Ball help us answer questions relating to today’s market?”Since the end of last year, global equity markets have rallied over 10%. With that in mind, here’s a look at the questions I’ve received most often from clients recently, and what the Magic 8 Ball has to say about them. Will the stock markets retest their lows before breaking higher? The Magic 8 Ball says, “My sources say no.”Recency bias is a powerful cognitive error that tricks you into believing that what has happened will continue to happen.

Source: Forbes March 13, 2019 12:56 UTC