Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
Nick Colas, co-founder, DataTrek Research
“Every market has its eye-catching data points. When I started [my career], it was M1 money supply since Paul Volcker was so bent on reducing inflation. Now it’s presidential tweets. They will always have market impact for all the obvious reasons. The real risk to investors comes from letting tweets or any other single datapoint overly capture their imagination.”
Read the full article here on Yahoo Finance!