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The volatile stock market is turning serious investors into macroeconomic-data junkies. Yet understanding just what the economic statistics mean, their place in the actual machinations of the economy and financial markets, and how to decipher the market's likely reactions to the latest pronouncements is a daunting challenge. Interpreting and applying effectively the complex cocktail of statistical data to investment decision making can be overwhelming. This text hones in on twelve important economic statistics observed on Wall Street and points out the role that each plays in moving markets. It highlights the key interrelationships that each statistic possesses in and amongst other economic indicators and outlines their significance to investors. This desk reference book is written from the combined perspective of a former trader, academic and Wall Street economist.
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