But aside from the disappointment, the results from the banks included more positive
surprises than negative ones.
Not exact matches
These fluctuations were large relative to actual economic and policy
surprises, as the only notable
negative piece of news that day was the release of somewhat weaker
than expected retail sales data for the United States
one hour before the event.
With most markets «priced for perfection» (i.e. failing to discount risks), it's likely that we will see more
negative surprises going forward
than positive
ones.
Back in my advertising days, it always
surprised me just how much easier it was to write a
negative ad
than a positive
one.