A market reaction may reflect fear of disruption before the full economic effect is known. Transport closures, energy shortages, conflict and cyber-enabled crime can change behaviour quickly, even when the final cost is still being measured.nnThe right response is not to treat every movement as a forecast. Global Talks will explain the underlying event, identify the exposure and show where analysts disagree. Readers deserve the difference between a documented loss and a projection.nn The economic effect should be separated from the immediate event: identify the exposed sector, the evidence for a loss and the assumptions behind any forecast. Global Talks will keep those distinctions visible.