3 ms·
"Six months ago, a print like this would have triggered a circuit breaker." Lol that's set by law. This guy doesn't have a clue. Nice sci-fi, I guess.
by giantg2 8mo ago
"Six months ago, a print like this would have triggered a circuit breaker."
Lol that's set by law. This guy doesn't have a clue. Nice sci-fi, I guess.
- intuitionist 8mo agoThe point is that the market doesn’t move enough on the jobs data to trigger a circuit breaker, not that there’s a -20% move and it doesn’t trigger.
- giantg2 8mo agoYeah, it still doesn't make sense - why would a .3% surprise cause more than a 2% move? Even today, it wouldn't. The expectation is baked in to the price already, and the surprise isn't big enough to warrant a massive move. It still shows a lack of understanding of how the markets work.