ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It seems the market is adjusting to the high potential on Friday morning for a significant revision to second quarter U.S. GDP. The consensus forecast appears to be a revision from 2.4% to 1.4% with a “whisper” number as low as 1.0% “anecdotally” based on watching and reading various bearish pundits. Since failing to break … Read more
Probably one of the longest running jokes in the financial markets is the amount of time U.S. officials spend talking about their support for a strong dollar while taking no action to actually support a stronger currency. On Monday, Federal Reserve Chairman Ben Bernanke made a rare contribution to the bluster by stating his own … Read more
In “Market Cheers Over Ugly GDP Report“, Mike “Mish” Shedlock breaks down the components of the Q3 GDP numbers and laments that “I am struggling to understand what is surprising other than how bad this all looks once you break down the numbers.” The surprise was that the annualized GDP of 3.5% was a smidge … Read more