Here is a riddle: Why were markets up on Thursday?
For one, it could have been that initial jobless claims held in the 350k level.
That is where the logic of this discussion ends. Why? Because it surely wasn’t because of the ISM Manufacturing report. That came in...
Statistics, prediction and theory. All are bogus when it comes to markets that are trending. And, if you haven’t noticed, this is a market that is definitely trending. Whatever the reason, it is what it is. Only sometime in the future can we really understand the underlying drivers.
But, emotions are...
