As I’ve expressed herein a thousand times and in a multitude of ways, markets are people. Famed trader, Richard Dennis, who, in his heyday was far more interested in David Hume than he was the details of any employment report, while expressing where his interests lied, spoke to the force that inspires markets and moves investors/traders to all manner of self-destructing behavior:
I think it’s far more important to know what Freud thinks about death wishes than what Milton Friedman thinks about deficit spending.