Friday’s stock market reaction to the inversion of the US Treasury yield curve provides a lesson in how to not consume financial news. CNBC, Bloomberg TV and other business news networks are sometimes called “Bubble TV” because of their propensity to exaggerate existing market trends. CNBC was launched in 1989 and Bloomberg TV in 1994. During the tech bubble at the end of the 1990s these two niche channels became popular with a wider audience as stock markets rallied and an increasing numbers of retail investors engaged in stock trading. This created a need for real-time access to market news without having to pay for institutional data providers. Besides, CNBC and Bloomberg TV are so much more entertaining than watching data on a Bloomberg or Reuters terminal.
The growing influence of "investotainment"
The growing influence of "investotainment"
The growing influence of "investotainment"
Friday’s stock market reaction to the inversion of the US Treasury yield curve provides a lesson in how to not consume financial news. CNBC, Bloomberg TV and other business news networks are sometimes called “Bubble TV” because of their propensity to exaggerate existing market trends. CNBC was launched in 1989 and Bloomberg TV in 1994. During the tech bubble at the end of the 1990s these two niche channels became popular with a wider audience as stock markets rallied and an increasing numbers of retail investors engaged in stock trading. This created a need for real-time access to market news without having to pay for institutional data providers. Besides, CNBC and Bloomberg TV are so much more entertaining than watching data on a Bloomberg or Reuters terminal.