Premise: He was still bewildered by the introduction of tragedy into his cheerful commonplace existence.

Hypothesis: Even after the tragedy his life continued on its even keel.
Answer: no

Premise: Therefore, the transfer is not an exchange transaction.

Hypothesis: In this way, rather than being an exchange transaction, it is a transfer.
Answer: yes

Premise: ( primer explains how the market works.)

Hypothesis: They were talking about the market.
Answer: yes

Premise: You bet your life it was." Tommy shook his head unconvinced.

Hypothesis: Tommy wasn't convinced by that.
Answer: yes