Normal
Rather large miss on the Richmond Fed Manufacturing Index number that just came out now. Forecast was 4, previous print was 0 and the number for today was -5, i.e. a -9 delta on forecast.Market looked like it was a little bid in the 30 min leadup to the news and so far holding steady.I am guessing the new post FOMC logic is (not that I necessarily agree):Bad news => Fed will have to print => Better frontrun the Fed => Buy risk
Rather large miss on the Richmond Fed Manufacturing Index number that just came out now. Forecast was 4, previous print was 0 and the number for today was -5, i.e. a -9 delta on forecast.
Market looked like it was a little bid in the 30 min leadup to the news and so far holding steady.
I am guessing the new post FOMC logic is (not that I necessarily agree):
Bad news => Fed will have to print => Better frontrun the Fed => Buy risk
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
