Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 675.24

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Nov 4 4:00 PM EST

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Hawkmoon

To: Mongo2116 who wrote (167423)	2/1/2022 9:06:16 AM
From: Sdgla	1 Recommendation of 218438

Message 33687998 Sketchy Economic Data About to Surface, White House Proactively Seeds MSM Narrative January 31, 2022 \| Sundance \| 220 Comments For those who have been following closely, the economic data releases over the past several months have been almost impossible to reconcile from a Main Street perspective. Additionally, the scale of inflation is skewing everything that stems from dollar valuation. CTH is certain the fourth quarter GDP statistic (+6.9%) is useless and was an outcome of several flawed metrics: (1) the import data was misrepresented and not accurately deducted (supply chain issue); (2) the value of building inventories was over calculated as an outcome of inflation; and (3) the value of all economic activity was subsequently skewed because the economic outputs (goods and services) were recorded at higher prices. It has been our estimation that Main Street economic activity was substantially less than the data discussed by financial pundits. Our review also sees the employment situation on Main Street as considerably less optimistic than claimed. Bolstering that point, in a very weird and structured preview from the White House, spokesperson Jen Psaki made an odd statement today. WATCH (14:35 prompted): Psaki is prepositioning a narrative that employment data in January will be lower than expectations, perhaps considerably lower, as a result of “workers calling out sick” from COVID, ie. the omicron variant, during the time when employment polling was conducted. That is a very unusual proactive narrative. (more…)

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