From a memo passed around on Wall Street. Made me laugh because it seems to have been what the market has been acting on. From Sep 10th to Oct 10th the NASDAQ created an 11% rally. That is moving.
Weak data = Fed ease, stocks rally
Consensus data = lower volatility, stocks rally
Strong data = economy strengthening, stocks rally
Bank loses $4 billion = bad news out of the way, stocks rally
Oil spikes = great for energy companies, stocks rally
Oil drops = great for consumers, stocks rally
Dollar plunges = great for multinational companies, stocks rally
Dollar spikes = lower inflation, stocks rally
Inflation drops = improves earnings quality, stocks rally
Inflation spikes = improves earnings quality, stocks rally
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