Is Wall Street holding us hostage or what?

Status
Not open for further replies.
So there's been a bunch of good news today on the economy:

http://www.bloomberg.com/news/2014-...ed-as-oil-climbs-while-pound-holds-gains.html

U.S. stocks fell, while Treasuries headed for the longest losing streak in more than a year after data showing retail sales rose​

http://www.bloomberg.com/news/2014-...-in-u-s-rises-to-highest-in-14-months-1-.html

American consumer confidence rose to the highest level in more than a year in September, as households’ views on the outlook for the economy brightened.

The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 84.6, the highest reading since July 2013, from 82.5 the month before. The median estimate in a Bloomberg survey of 65 economists projected an increase to 83.3.​

http://www.bloomberg.com/news/2014-...creased-in-august-by-most-in-four-months.html

An August pickup in retail sales and revised figures showing demand in prior months was stronger than first reported signal consumers have reclaimed their position among the main sources of U.S. growth.

The 0.6 percent increase in purchases was the biggest in four months and followed a 0.3 percent rise in July, according to Commerce Department figures issued today in Washington.​

And the whole market hit the shitter today because of good economic data. Like, what in the fuck is up with that? Are the institutional investors just interested in their cheap money?

Economy doing better -> Equities suffer because of potential rate increase -> Average investors eat shit.
 
Status
Not open for further replies.
Top Bottom