Shouldn’t the Democrats investigate Wall Street or the media?
Whether it’s data like nonfarm payrolls and the CPI, or company earnings reports, there are basically only two possibilities: things get worse or they get worse.
Then they throw in a forecast, making what could have been a one-way market move more volatile instead.
Forecasts of macroeconomic data can sway the broader market, while forecasts of individual companies’ earnings can sway their stock prices.
What Grok told Brother Bee was that it had surveyed dozens of Wall Street economists to come up with the forecast… But could their forecasts be suspected of manipulating the market? Is it possible that capital and economics are involved in some kind of mutual back-scratching? Of course, I’m asking sincerely—not rhetorically, and not as a leading question.
Economists and KOLs may have pretty similar ways of making money. The difference is that economists’ forecasts and opinions have far more influence than KOLs on Twitter.
Whether it’s data like nonfarm payrolls and the CPI, or company earnings reports, there are basically only two possibilities: things get worse or they get worse.
Then they throw in a forecast, making what could have been a one-way market move more volatile instead.
Forecasts of macroeconomic data can sway the broader market, while forecasts of individual companies’ earnings can sway their stock prices.
What Grok told Brother Bee was that it had surveyed dozens of Wall Street economists to come up with the forecast… But could their forecasts be suspected of manipulating the market? Is it possible that capital and economics are involved in some kind of mutual back-scratching? Of course, I’m asking sincerely—not rhetorically, and not as a leading question.
Economists and KOLs may have pretty similar ways of making money. The difference is that economists’ forecasts and opinions have far more influence than KOLs on Twitter.
