A somewhat empirical look at The Magazine Cover Indicator
The Magazine Cover Indicator
Today I look at the empirical evidence in support of The Magazine Cover Indicator. With Elon Musk gracing Time’s cover as the 2021 Person of the Year, it seems like a good time to revisit this topic.
Anecdotes can be useful indicators
You will notice that market prognosticators and the financial media will often point to a particular piece of anecdotal evidence as bullish or bearish. Quite often, the evidence is intuitively appealing as a contrarian…