Publications: Notes at the Margin

Understanding Markets: CFTC Data on Commitments of Traders Are Being Misinterpreted

 

Reporters provide a critical link in understanding markets. Unfortunately, they generally fail when they shift from presenting news to interpreting it. A recent Reuters report draws erroneous conclusions from the CFTC's latest data on commitments of traders. For more than fifty years, economists have recognized that CFTC data provide a very flimsy reed on which to lean. This report attempts to correct the mistakes in the Reuters article.

 

To request subscription information for Notes at the Margin, please Contact Us or send us an Information Request.