WHAT'S DRIVING STOCKS

The 'tourist explains how factors are increasingly at the root of stock moves

The other day I was chatting with a good friend and our conversation went something like this:

“I just don’t understand why my stock is getting hammered,” he admitted. “Sure, the near-term outlook isn’t that good, but by 2026, this stock will print scads of money.”

My friend then goes on this five-minute rant about how this industry is set to explode. He …