Question: Based on the attached EA screen showing the recent quarterly aggregate surprise earnings of the 12 S&P500 sectors and their following 1-day price reaction, what

Based on the attached EA screen showing the recent quarterly aggregate surprise earnings of the 12 S&P500 sectors and their following 1-day price reaction, what represents the greatest paradox? The energy sector had one of the smallest positive earnings surprises among the sectors and had a slightly positive price reaction. Lady's The consumer discretionary sector had the largest positive aggregate earnings surprise and had the worst price reaction among the sectors. The real estate sector had the smallest positive earnings surprise among the sectors and had a negative price reaction

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The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.

The visual rule: If we observe an event with our own eyes, we will attach more weight to it than if someone else had described it to us.