After the close, all kinds of commentary articles will be everywhere, and the articles will use all kinds of news to explain why they are up and why they are down. Of course, I am no exception. Sometimes I go to various websites to find news or find reasons in other people's comments, and occasionally I am disappointed because I can't find a statement. I know this is an act of hindsight, but in order to have peace of mind, I still can't help doing it. But then again, these news are really the reason for the market changes. Obviously, they are not, at least most of the time. Charles Laibo, a respected veteran in the futures industry, once said that when he was a senior manager in a commodity company, the media always called him after the close and asked him why the market was up or down that day. If the market is rising, he will give the media some news of the rise; If the market is falling, he will give the media some news of the decline.

In other words, although the market is full of all kinds of news every day, they are all bullish and bearish, and only those news related to the price trend of the day are reported. It can be seen that the reported news is used to explain afterwards, to follow the price changes, rather than to determine the price changes. Therefore, those who mistakenly believe that news is fundamental and rely on news to make transactions must be wrong in the market. The future has come, you must seize the opportunity. Quantitative Hedging "American Summit Seminar" (Phase I)

Actually, news and fundamentals are not the same thing. Fundamental analysis in futures trading refers to predicting the direction and size of futures price changes with real or predicted supply and demand relations, and news only temporarily interferes with market trends. Unless it is a very important unexpected news, it is difficult for the fundamentals to change greatly in a short time.