Investor Behavior Shows Delayed Reaction to News

A new study by Columbia Business School economists shows that the influence of news on financial markets is “often greater a year after the report than a month,” according to a recent article in Barron’s. The study analyzed how stock markets in 51 countries reacted to “millions of news items written by Reuters over a 19-year period ended in 2015.” The researchers conclude that the delayed reaction to news occurs because “of the time it… Read More