When we talk about the most important developments in the world today, we need to define who we are and why this is the case for us. We are market participants who have only one goal: to make money in the market. There are many others out there who are very loud, but are not here to make money in the market. Instead, they get paid to sell banner ads and tv commercials. This is the group that tends to lag price and prefers to focus on what is in the “news”. Since price leads the news, these headlines and conversations typically show up well after the fact.
I think today we have a great example of this scenario and very clear conflict of interest.
To view the Chart of the Week and commentary, you must be a free member of All Star Charts. Please login below or create your FREE account now.