When Correlations Break
Yesterday evening 9:30 pm was a highly anticipated event – US CPI report! OK, those of you bottom-up stock picking and Singapore stocks only pandas and koala bears would yawn… Ya, spending 5 minutes on economics is 5 mintues wasted you would parrot. But to us macro top-down, interest rate, precious metals, forex and stock index traders, its like watching the World Cup for soccer. Last night did not disappoint. Come to think of it, the price action was like Trump’s surprise election win! Quick! Data out! Inflation was higher than expected. It reinforces the higher average hourly earnings...
Read More
Recent Comments