DislikedThey all attend the same bilderburger conference. Of course they know what the FED is going to do. {quote}Ignored
Whether one believes in conspiracies or not, I can tell you that the big banks and investors have direct access to the Fed governors and other central bankers. It is not a secret. It is part of their job. Their heads of research and currency and fixed income strategy regularly wine and dine central bankers and discuss with them. It is part of their job. Anyone who has worked at an investment bank and other financial firms and has had even minimal contact with in house research knows it. It is not illegal. There are very very few real surprises in the markets, and those are unlikely to ever come from the actions of central banks. The big traders will take advantage of the so-called "surprise" to jack up volatility and fill positions. Then the media comes in, always after the fact, to 'explain' why the market moved 200pips. Inside information abounds. Those who are not on the inside, like you and I, cannot hope to find out from Bloomberg why the market moved. But they can be entertaining some times. Just count how many times a week the main Bloomberg articles have the word "unexpectedly" in the headline.. in reality, very few things are genuinely unexpected by those market participants who have privileged access to information and are big enough to move markets
that was a wild ride.
