But markets that rise on both good and bad news are not stable markets. “Risk-off” episodes, in which investor sentiment sours, are likely to return if economic news worsens and confidence in policymakers’ effectiveness drops.
但不论利好利空都上扬的市场绝不是稳定的市场。“去风险”模式——即投资者情绪全面转坏——很可能随着经济消息的恶化以及对决策者效率的信心的下降而卷土重来。