When you know the number in advance, you make risk free money, were the futures up .50% before this number was released, hum thats strange.
While I'm trading this market (meaning I was long coming into it) I wouldn't be surprised later if there was some sort of executive decree or some homeland security reason the government needs to be able to set the BLS numbers by their adjustments. OTOH a very good day for me, but Beaker is also true, the conditions are for hawkish conditions, not dovish!
The number was clearly leaked into the Bond pits @ 8:25AM. They were down 7 tics in advance of the release. Where is Clarence Beeks when you need him?
yes it's disgusting Clearly bonds were sold off several minutes before 8:30 Probably the same people who knew about rate cuts. Nowonder goldman beats quarter after quarter