‘Confusion and disorientation’ driving ‘crazy’ moves in the market, Mark Mobius says

cnbc2021-06-09

KEY POINTS Market volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned. He described “crazy moves” in assets such as bitcoin as ...

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Comments

Bull1973
2021-06-09
Bull1973
Ok
- Bull1973:
  Ok
- Bull1973:
  Pks like and coMment. thanks
- jojojogate:
  nice
youwantwhat
2021-06-09
youwantwhat
Hi
yusl
2021-06-09
yusl
All goes nuts
koolprofit
2021-06-09
koolprofit
Very true !!!
mcccccc6
2021-06-09
mcccccc6
Why
Reds
2021-06-09
Reds
Woowow

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So I think we have to watch this very carefully,” Mobius told CNBC’s Squawk Box Europe.\n“We’re in a very uncertain time, that’s for sure,” he added.\nEven without concerns over central banks there have been instances of extreme market volatility since the start of the year, including the retail trading frenzy that hit U.S. stock markets in spring, driven largely by Reddit, to wild moves in the crypto market, particularly bitcoin.The price of the cryptocurrency fell about 10% Tuesday to around $32,000 and is down 50% from its April all-time high.\nMobius believed that risk-taking behavior among investors and market volatility was down to confusion.\n“A lot of people have cash in hand that they want to do something with, and secondly, a lot of people are confused. The fact that they’ve seen bitcoin, which they had so much faith in, go down the way it’s gone down confuses people,” he said.\n“So you have a funny situation with a lot of money in their pocket and lots of confusion and disorientation, so I think that’s what driving a lot of these crazy moves in the market.”\nNonetheless, Mobius believed markets could still travel higher if central banks don’t pull the plug on asset purchase programs too soon.\n“With lots of money sloshing about there’s no reason why the market can’t go higher, not only the U.S. market but the MSCI and EM (emerging market) market has gone up as well in fact more than the S&P 500. You can see a continuation unless there’s a big pullback in money supply and that’s why we have to watch the behavior of central banks around the world, particularly the Fed.”\nA recipe for disaster?\nMobius noted how some emerging markets had performed well thanks to the increased global money supply and pointed out how some currencies, such as the Chinese renminbi and Brazilian real, had performed particularly well over the last year but that the outlook was also unpredictable among currencies too.\n“You’re going to see a lot of these unusual moves (continue)” he noted, with “some of them justifiable but a lot of it not justifiable and not logical really,” making for a very uncertain outlook.\n“So at the end of the day we’re in a very, very uncertain situation ... and of course that means a recipe for disaster for some people who are investing,” he noted.\nThe next pointer for global markets comes on Thursday with the latest reading of the U.S. inflation rate due which could lead the Federal Reserve to taper asset purchases sooner rather than later.\nRead more: The Fed is in early stages of a campaign to prepare markets for tapering its asset purchases\nThe consumer price index for May is set to be released Thursday. Economists are expecting the CPI to rise 4.7% from a year earlier, according to Dow Jones.In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008.\nThe Fed has previously contended that higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":189058524,"gmtCreate":1623235345168,"gmtModify":1704198944253,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584680402793671","idStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189058524","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4648979,"gmtCreate":1623236398730,"gmtModify":1663228278738,"authorId":3584680402793671,"author":{"id":3584680402793671,"idStr":"3584680402793671","authorId":3584680402793671,"name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189058524,"type":1,"supId":4648959,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4648977,"gmtCreate":1623236389495,"gmtModify":1663228276941,"authorId":3584680402793671,"author":{"id":3584680402793671,"idStr":"3584680402793671","authorId":3584680402793671,"name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189058524,"type":1,"supId":0,"prevId":0,"content":"Pks like and coMment. thanks","text":"Pks like and coMment. thanks","html":"Pks like and coMment. thanks"},{"id":4648959,"gmtCreate":1623236314658,"gmtModify":1635330812105,"authorId":3571138877174326,"author":{"id":3571138877174326,"idStr":"3571138877174326","authorId":3571138877174326,"name":"jojojogate","avatar":"https://static.tigerbbs.com/1c9975fe791b3a7e3ccf60b0d15fd47f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189058524,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"}],"langContent":"EN"},{"id":189059728,"gmtCreate":1623235112964,"gmtModify":1704198940331,"author":{"id":"3586328023047423","authorId":"3586328023047423","name":"youwantwhat","avatar":"https://static.tigerbbs.com/040336c34819c84fe9c8dd63e1246f78","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3586328023047423","idStr":"3586328023047423"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189059728","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189017222,"gmtCreate":1623232671466,"gmtModify":1704198893984,"author":{"id":"3575263658083707","authorId":"3575263658083707","name":"yusl","avatar":"https://static.tigerbbs.com/e2599b870433e6b8995b17759d072bd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575263658083707","idStr":"3575263658083707"},"htmlText":"All goes nuts","listText":"All goes nuts","text":"All goes nuts","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189017222","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189038859,"gmtCreate":1623231600371,"gmtModify":1704198870535,"author":{"id":"3584059221812022","authorId":"3584059221812022","name":"koolprofit","avatar":"https://static.tigerbbs.com/b35cbe19969d5cb47cac77a79cb59a5e","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3584059221812022","idStr":"3584059221812022"},"htmlText":"Very true !!!&nbsp;","listText":"Very true !!!&nbsp;","text":"Very true !!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189038859","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189003876,"gmtCreate":1623230181095,"gmtModify":1704198838831,"author":{"id":"3557115305021464","authorId":"3557115305021464","name":"mcccccc6","avatar":"https://static.tigerbbs.com/afa6344d47cc0c544ff888306c0941b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3557115305021464","idStr":"3557115305021464"},"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189003876","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180773065,"gmtCreate":1623229567057,"gmtModify":1704198823519,"author":{"id":"3578223649779871","authorId":"3578223649779871","name":"Reds","avatar":"https://static.tigerbbs.com/60cba28a6d44ee210adff771bc4ca3f7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3578223649779871","idStr":"3578223649779871"},"htmlText":"Woowow","listText":"Woowow","text":"Woowow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180773065","repostId":1150925841,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":42,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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