basically I think the thing to adjust is the weight given to fundamental economics in our attempt to assess the current markets. We need to give absolutely minimum weight to fundamentals. The fundamentals are relevant to investment, not trading - with the exception of a very few major announcements - and these markets are ALL about trading now.
TA, even TA based purely on price, or to go further, even TA based purely on the momentum of price, is probably the only read on the markets that provides any short term guidance now.
Some few announcements about fundamentals, such as rates, or wars and other global catastrophies, should also provide tradeable opportunities.
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Last
7,980.4 |
Change
9.300(0.12%) |
Mkt cap ! n/a |
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