Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Three-Card Monte
In the new week, markets will be treated to more key economic data impacted by "balmy weather and distortion in the January adjustments."
The quote is from Dan Loeb or, more precisely, a Twitter account which appears to belong to Dan Loeb. Elon Musk's decision to allow anyone with a few dollars and a debit card to obtain a blue verification badge on their profile makes it hard to say who's actually who on the social network these days.
Loeb isn't alone in questioning whether the run of hot dat
Such is the hazard of seasonally adjusted statistics. Between the weather and pandemic/post pandemic they can distort more than help. There is no perfect answer to this. It is clear we have had a pop in growth and inflation. Is it a real trend that will stick? Or a head fake?
Yes, but who is the dealer, who is the shill, and who is the mark? If you don’t know, than you’re the mark.