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As someone semi familiar with this stuff, it is fairly notable how rates are moving markets right now. Say the payroll number misses consensus by 5%, meaning t
by benjaminwootton 4y ago
As someone semi familiar with this stuff, it is fairly notable how rates are moving markets right now.
Say the payroll number misses consensus by 5%, meaning there’s a fraction of a percent less chance of a 0.75% rise in rates vs 0.5%. The stock market then rallies by 2% or a few hundred $billion in market cap.
Surely that isn’t a healthy market when changes in fractional rate expectations create so much volatility.
- blitzar 4y ago> As someone semi familiar with this stuff Your comment suggests the opposite.
- benjaminwootton 4y agoExpectations for a fraction of a percentage interest rate move should not be the dominant narrative and driving volatility to such an extent. Positive GDP growth and falling unemployment used to be a good thing, this year they are deeply bearish.
- deleted 4y ago[deleted]