If anyone noticed, the adp jobs loss was revised (as usual) down. If anoyone wants to use data such as this for fundamental analysis, they need to look to an average of revisions. Are the revisions getting better or worse. the news hardly ever reports the revisions, if the revisions arre worse each and every month, then you have a trend.
The best way to use this information is the take 6 months average, that take out the wild swings so to speak. If yoou want to llok at these each and everytime, then make sure you look at the revisions as well. I think Friday fed numbers on employment are coming out. Look to the revisions and see if they are revised down or not. My guess is they will be.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment