"Can We All Just Admit This Is Just Absurd?!" Thousands and thousands of people staring at screens. Not teenagers checking out TikTok, but highly educated, well trained professionals, staring at screens. Millions, even billions, maybe even trillions of dollars, yen, euro, etc., poised to move around based on the data that comes out at 8:30 am. Then we get another mishmash of data, so different than expectations, with revisions bigger than the number itself, and are supposed to make something of the data? As Academy Securities' Peter Tchir writes, "can we all just admit this is absurd!?" Let’s pretend that data is valid and go through the motions under the assumption that this is anything other than a wild guess, using...
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