GDP number - no way to be bullish?

D

DeepFried

Correct me if I'm wrong, but I don't see how the GDP number tomorrow could be bullish for stocks.

If it's higher than expected the market sells off because of expected interest rate hikes.

If it's lower than expected, earnings will slow so stocks get sold.
 
Okay. Well, the market has a great ability to be perverse and defy logic (or what passes for logic :p) but I don't see how stocks can end higher tomorrow.
 
Stocks will end higher tomorrow because market do not go down in straight line. There are hundreds of big money systems which get triggered when market declines three days in a row.
Today the market has not closed so lets see what happens, might end up in green.
 
actually I don't care how the market reacts to the GDP.

I am more interested in trading the reaction than predicting it.

cheers,
 
I personally think most of the fed rate hike stuff is priced in right now... but I have no idea what the market is going to do tomorrow.

- The New Guy
 
Yeah, I think it's priced in too. But if tomorrow's number is surprising in any way it could tweak the expectation that's priced in.

Having said that, the market's getting slapped around a bit today so maybe today's action will relieve potential selling pressure tomorrow.

That and figuring in guru's point, maybe there is a way to be bullish for tomorrow's GDP. :D
 
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