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Future's volatility shows the value of charts

Future's volatility shows the value of charts
July 4, 2024
Future's volatility shows the value of charts

It’s funny how narratives can change quickly. In the 93rd minute of England's European championship game against Slovakia, X was full of people lamenting team manager Gareth Southgate’s decision to keep Jude Bellingham on the pitch, rather than putting in fresh pairs of legs to switch things up. Then in the 94th minute, Bellingham scored a stunning bicycle-kick goal to keep England in the game, only for Kane to get another one in extra time. Southgate’s post-match press conference detailed how he kept Bellingham on because he’s a player who can single-handedly make a difference. And he certainly did that.

Because of that goal, England stay in the Euros (for now of course). And if Southgate takes England to the final and wins, he’ll be remembered as a hero. Nobody will question his decision-making. His brilliance will be written about, and in time the legend will be told to children across the nation. One goal – a huge potential difference.

The stock market is no different. We’ve seen that people don’t always vote in polls how they say they will. Think Brexit. A huge surprise on the day. And President Trump was supposed to be a fluke – he narrowly lost in 2020 and is currently ahead in the latest Economist poll.

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