Forecasting is a necessary evil in investing. The very act of investing is an exercise in making assumption about future events. If you didn’t expect to book a profit, presumably you wouldn’t make the trade. The trouble starts when you move beyond this basic axiom and start making decisions about how to forecast, what to forecast, and over what time frame. But none of this changes the basic truism that risk is easier to forecast than return. There are caveats, of course, but even small relative advantages can be useful at times.
Daily Archives: Jan 6, 2022 at 07:48 am EST
Macro Briefing: 6 January 2022
* Fed minutes suggest possible rate hike set for March
* Rising bond yields take a bite out of tech stocks
* Russia sends paratroopers into Kazakhstan on Thursday to suppress uprising
* North Korea says it successfully expands at strongest rate since July
* US economy slowed in December but ended 2021 with strong upside bias
* US company payrolls rose much faster than expected in Dec, ADP reports: