Critical information ahead of the U.S. market’s open
by Victor Reklaitis
If you’re keeping one eye on the record-shattering action in Rio, and the other on this unprecedented market, you might be getting it exactly right.
Especially if you see the trading lessons.
“The Olympics are a perfect metaphor for what’s going on in global markets,” says a Zero Hedge blogger. “And as such, they dictate the best market approach for the next two weeks: Don’t fight the mood and just go with the flow.”
Going for gold is the dominant theme, and the winners could just be those who are best at gaming the system, the post at the almost-always-pessimistic blog argues, in reflecting on the similarities.