Weekly Commentary: Beware behavioral bias in new regime

We highlight the top three behavioral biases to avoid in the new, volatile market regime – and give tips on how investors can try to overcome them. Stocks rallied and yields fell last week after markets concluded the Fed’s pace of rate hikes will slow. We are less sanguine and see a dovish pivot only later. We are watching this week’s U.S. jobs report for any signs production capacity is on the mend. The labor shortage is a key production constraint.