The cover of the Economist... one of the all-time great indicator sources, is a great contrary indicator.
Right now, a rather bearish headline on the cover of the Economist amidst a hawkish Federal Reserve narrative... in the same week that the U.S. and U.K. are the only Western nations sounding the alarm over a possible Russian invasion of Ukraine, is about as good of an anecdotal "buy" signal as you're likely ever to see, if you have a contrarian mindset!
Of course, no one knows whether it's a short- or long-term signal – or any kind of signal at all. Just wait and see😜
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