Saturday, August 6, 2016

Chart of the Day: Pavlovian Conditioning: Payroll Announcements Equal Panic Buying

Well, it seems that payroll announcements in the US, over the past 6 months, regardless of its outcome--whether beat or miss--has spurred panic buying in US stocks.


From Zero Hedge

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PSE Craters as Financials’ Share of the PSEi 30 Hits All-Time Highs; A Growing Mismatch Between Index Performance and Bank Fundamentals

  History will not be kind to central bankers fixated on financial economy and who created serial speculative booms to sustain the illusion ...