Dec 04/15 – The most obvious “buy the rumour sell the news” setup ever
Mark Twain once opined it is ain’t what you don’t know that gets you in trouble, it’s what you know for sure that just ain’t so. Yesterday the market “knew” the ECB’s Mario Draghi would once again over promise, yet still over deliver. Goldman Sach’s FX strategist Robin Brooke’s recommendation was typical of the extremely bearish sentiment:
“it remains th…