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If you trade on economic data, listen to Spencer Staples
Financial markets pay a lot of attention to the economic data that flow across their Bloomberg screens and Twitter feeds. Billions of dollars are won and lost every day on gambles that the data on indicators such as payrolls, gross domestic product and housing starts will hit (or miss) the consensus forecast. Markets move when the data are better (or worse) than expected, and anyone who guessed right beforehand will make money. What if you had access to a tip sheet that tilted the odds in your favor? What if you could beat the consensus forecast most of the time? That’s what you’d have if you had listened to ... (full story)