The 2022 Stock Rout Has Been Tough on Market Influencers
As stocks plummet, markets have become less interested in the wisdom of "finfluencers." But the spammers and bots are thriving.
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As stocks plummet, markets have become less interested in the wisdom of "finfluencers." But the spammers and bots are thriving.
"Because this pivot only happens if you have an economic accident or a financial accident," Mohamed El-Erian told Bloomberg TV.
The Hang Seng Index fell 14% in September to their cheapest value on record, making it the worst-performing global stock index this month.
Stocks bounced from the steepest losses of the day, but ended deep in the red as volatility gripped markets again after Wednesday's relief rally.
"I think there's value under some very attractive single [stock] names. But you just can't avoid the macro factor right now," Mohamed El-Erian said.