One of the truths about the markets is that when the Federal Reserve Bank has to come out and say “everything is okay,” it probably isn’t.
When a CEO has to make a statement during a difficult time saying something isn’t a problem, it often is.
And when a football manager comes out to say they’re fully behind a player or when a board member says they’re fully behind a manager, it is a sign of trouble in the background.
Beware public endorsements that attempt to showcase trust. When things are going good, they’re not necessary. By the time they show up, they’re often a desperate attempt at arresting the slide.
