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QUESTION: Hi Martin, You have mentioned on numerous occasions, that the Socrates has inputs from around the world to come to very accurate conclusions. I assume, it has plenty data from within the USA as well. Can it also predict the NFP? ADP?. (few days BEFORE.)
Don
ANSWER: We have put in such information from the NFP (Non Farm Payrolls) and ADP Private Sector Jobs data and the interesting result demonstrates that human emotion rules — not numbers. Yes, any data series develops patterns including lottery numbers. Forecasting the direction of such numbers is not really that difficult. The stunning realization, as I have said plenty of times regarding fundamental analysis, is that the reaction of the market is driven by the trend. Therefore, you can obtain a good number but the market will respond in the opposite direction and the news will say it was not good enough. The overall trend being bullish or bearish will color the response to the numbers. Forecasting the number does little good from a reality perspective.
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/forecasting-economic-numbers-do-they-matter/
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