Kahneman and Tversky's loss aversion research helps explain the sequence: losses recorded during a decline carry roughly twice the psychological weight of an equivalent gain that follows, so a rebound can feel like an afterthought rather than a correction. Odean and Barber's research on attention-driven trading adds that individual investors are most likely to sell on exactly the high-profile news days that later mark short-term lows. The same war headlines that drove the earlier slide also powered this recovery, with energy and precious metals stocks leading the gains.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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