Market Drivers Quotes

There are two main drivers of asset class returns - inflation and growth.

In normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

Fundamentals make the market.

What could a smartphone do for me that would make people go out and buy another one?

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized.

The lesson of 2008 is that ultimately our markets are driven by confidence.

Analysts estimate that emerging markets are expected to drive 90 percent of the world's pharmaceutical market growth, and differentiated products will be important to this growth.