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...This sounds to us like a stretch, and consumers who can’t afford the new mortgage rate or a car loan payment are not deciding based on theoretical changes in r-star....
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...I don’t think this is quite right....
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...But what’s notable isn’t the presence of the DSP, but rather its pedestrian size....
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...In other words, a seemingly recondite, technical index construction issue explains a decent chunk of the Russell 2000’s long-term woes. But it doesn’t explain it all....
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...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
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