Everyone's glued to what Warsh said this morning, even though the guy literally told us not to obsess over his words. Meanwhile, PPI and import prices just came in way hotter than expected — yesterday and today both — and the market's like... meh, whatever.
It's classic behavior, honestly. We'd rather parse some Fed official's body language than deal with the actual data staring us in the face. Old habits die hard, I guess. The numbers are screaming one thing, but we're still waiting for someone to *tell* us what to think.
Kinda says a lot about how we trade these days.
It's classic behavior, honestly. We'd rather parse some Fed official's body language than deal with the actual data staring us in the face. Old habits die hard, I guess. The numbers are screaming one thing, but we're still waiting for someone to *tell* us what to think.
Kinda says a lot about how we trade these days.