That’s to be expected. These markets are not completely rational. If they were, market psychology would tend to run relatively flat and it wouldn’t be as big a factor in the pricing trends as it is now.
The perception does influence the reality, and the media largely influences the perception. Every politician knows this, which is why much of politics is pure theater; packaged for public consumption at a 9th grade reading level. They all know that “feelings” count for more than facts.
