02
Jun
Investors often find it difficult to distinguish captivating stories from lasting economic forces. A narrative is a streamlined explanation that rapidly circulates, typically fueled by headlines, social networks, or influential figures, and while it can push prices sharply, it frequently fades quickly. A major trend, on the other hand, represents a sustained shift underpinned by solid, observable indicators like earnings expansion, adoption trajectories, demographic evolution, or falling costs.For example, during the early 2020s many stocks rallied on the narrative of “work from anywhere.” Some companies justified their valuations with little more than user growth projections. Meanwhile, the broader and more…