Weighing the Week Ahead: Your Move, Mr. President
Each weekend I review events and data from the past week and prepare for trading by thinking about the week ahead. While I always do the review, I do not always have the time to write about it. Like many other writers, I find that the process imposes a discipline and logic. It can be a helpful antidote for the temptation to lazily follow preconceived notions.
Last week I expected a focus on jobs with special emphasis in front of the Labor Day weekend. This was the right idea, and apparently a surprise to some. Art Cashin, a faithful reporter of the buzz on the NYSE floor, stated the following: