And Wall Street is freaking out over tariffs that, again, have not been implemented yet.
Futures Markets.
The point about Futures Markets is that you aren't dealing with what is happening now, you are dealing with how you think the market will go given current trends. Or even how you think other people will shortly think about how things might go given the trends that will arise once the current trends reveal themselves.
It's why some things go up when you think they should go down, or down when you think they should go up. Or down when they should go up when they should go down, and vice-versa and so on and so forth. It's double-blind poker with expectations of cheating by peeking but that doesn't matter when you've got people switching cards around as well.
What you've got to look at is the spikes in trading. It doesn't matter who is right to buy/sell and who was wrong to sell/buy, the fact is that you can't hide interest (or panic) around material market changes except by aggressively sitting on stock you already dominate (the antithesis to all that the money-markets hold dear).
And, next week on Starvers Stock Steers, I shall show you how to shake your red-rag at a bull market and how to play dead in front of a bear market. This podcast is sponsored by DOWDAQ S&P FTSEI in conjunction with Russell Wilshire holdings Ltd Plc. GmbH.