Shares limped on the very low volumes of the pre-Christmas 7 days, battered by conflicting facts and leaving traders with a muddled outlook likely into 2023.
It’s a dynamic in which fantastic news and negative information have a tendency to be interpreted as terrible information. “The bulls just cannot get,” wrote Edward Yardeni, president of Yardeni Investigation on Thursday. “If the economic indicators are much too sturdy, the Fed will have no preference but to tighten until eventually a recession occurs. If they are weak, then a recession may possibly be coming faster.”
Shares limped on the very low volumes of the pre-Christmas 7 days, battered by conflicting facts and leaving traders with a muddled outlook likely into 2023.
It’s a dynamic in which fantastic news and negative information have a tendency to be interpreted as terrible information. “The bulls just cannot get,” wrote Edward Yardeni, president of Yardeni Investigation on Thursday. “If the economic indicators are much too sturdy, the Fed will have no preference but to tighten until eventually a recession occurs. If they are weak, then a recession may possibly be coming faster.”
