The plateau beginning early January could be read as an initial reaction to covid.
I wouldn’t expect the markets to react in tandem with the most alarmist rationalists. I participated in a rationalist prediction tournament in mid-January 2020 where only one participant gave COVID >50% odds of killing 10000 people. The EAF post you linked was an unusual view at the time, as were Travis W Fisher’s comments at Metaculus. I grant that the rationalist consensus preceded the market’s reaction, but only by days.
The plateau beginning early January could be read as an initial reaction to covid.
I wouldn’t expect the markets to react in tandem with the most alarmist rationalists. I participated in a rationalist prediction tournament in mid-January 2020 where only one participant gave COVID >50% odds of killing 10000 people. The EAF post you linked was an unusual view at the time, as were Travis W Fisher’s comments at Metaculus. I grant that the rationalist consensus preceded the market’s reaction, but only by days.