Publier
Zeeeshu
I've been trading for so many years
and one habit has become increasingly clear:
When the market faces a definite timing event, like FOMC, CPI, or Nonfarm Payrolls, and the bearish crowd is overwhelmingly dominant, I don't join in shorting.
Not because I'm necessarily bullish, but because the odds of shorting at that time have often worsened.
The Federal Reserve meeting early this morning is a perfect example.
The market has already priced in over a 90% chance of a 25BP rate.
#DailyOrbit
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