Im surprised the market doesnt care about this---

This was released today.
May consumer credit up $11.3B vs. last month, consensus $8.0B. I think this is rather significant.

 

The problem is that you only analyze one data point.

You have to analyze thousands of historical data points.
Then you will not be surprised.

 

That matters not. Only what the Fed is going to do in the future.

Jul 31 is the date on your calendar to mark, sir.

 

As a trader, who cares what lying reports show now a days. It use to be people reported honest numbers, not any more.

 

here ya go kid we gonna give you the secrets we call news - put your money on it, can't go wrong.

 

I agree but the report was so much higher than consensus.

 

You might be the only trader in the world reading those reports.

You have lots of things to learn.


Do remember Professional traders and Professional Writers don't mix.

Anyway,
have fun reading those reports.

 

I always pay attention to reports because it can help paint a picture for investing opposed to trading.

 

And June was forecasted to be $9.2b but it was $6.4b.

IOW figure can be volatile.

 

Good point.

The report is meant for the investor, not the trader.