Can’t make this up
Posted: May 16, 2024
- Early data released by the Bureau of Labor Statistics (BLS) on May 15, 2024 - Contains information about job growth, GDP, and inflation in the US - Investors should pay attention to this data as it can impact stock prices - Keep an eye on stock tickers related to industries affected by this data (not mentioned in post) - The U.S. Bureau of Labor Statistics inadvertently released a subset of CPI and Real Earnings data 30 minutes before the official release - BLS is conducting a full investigation into its procedures and controls to prevent similar incidents in the future
Summarized top reddit comments: - Pointing out volume spikes in top traded tickers at 8am - Speculation about market manipulation - Reference to market makers having early access to data - Sarcasm about financial corruption and insider knowledge - Apology for the situation depicted in the post title
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