HFTs Pay Reuters To Learn First That Consumers Suddenly Less Confident

Tyler Durden's picture


After reaching six year highs last month, UMich consumer sentiment dropped back, missing expectations by the most in six months (82.7 vs 84.5 expectation).


Of course, it is the hope for the future that maintains the overall level as the 'outlook' section rose from 75.8 to 76.7 - its highest in 7 months while the current conditions fell back notably (its biggest drop in a year!).

We have seen this pattern before...


Inflation expectations also rose for both 1- and 5-year horizons. The worse than expected print provided some modest pre-release jerk lower in futures which was immediately bid after as S&P pushes the highs in a seemingly bad-is-good reaction (though in a tiny 3 point range).

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Fri, 06/14/2013 - 10:05 | 3657929 nomorebuyins
nomorebuyins's picture

In your face, we don't care if you know what we're doing Manipulation! Stupid fucking muppets!

Fri, 06/14/2013 - 10:31 | 3657992 fourchan
fourchan's picture

hft+inside information=profits

Fri, 06/14/2013 - 10:05 | 3657930 Ness.
Ness.'s picture

Buy everything bitchez - but you better know where the exit's are when the SHTF.

Fri, 06/14/2013 - 10:06 | 3657934 orangegeek
orangegeek's picture

In the last 10 trading hours on the SPX - 9 of them were in the black - on two days of marginal macros.


Trading with my grade school ruler really helps these days.

Fri, 06/14/2013 - 10:09 | 3657940 Schmuck Raker
Schmuck Raker's picture

"Well done, Mr Beeks"

Fri, 06/14/2013 - 10:48 | 3658033 Skin666
Skin666's picture

"Where the hell is BEAKS?"

Fri, 06/14/2013 - 10:11 | 3657941 Atomizer
Atomizer's picture

Leave no muppets behind..

Fri, 06/14/2013 - 10:11 | 3657942 Dr. Engali
Dr. Engali's picture

Free and efficient markets.

Fri, 06/14/2013 - 10:17 | 3657958 Rayfp65
Rayfp65's picture

You can't even call the markets "Casinos" anymore, at least at a casino, whether your a billionare or someone walking in with $100 the odds are the same, and the rules are clear, no exceptions!!

Fri, 06/14/2013 - 10:20 | 3657965 involuntarilybirthed
involuntarilybirthed's picture

Stop all Federal monies flowing to the U of Mich until this is fixed. 

Fri, 06/14/2013 - 10:31 | 3657990 hooligan2009
hooligan2009's picture

hfts pay the NSA to learn first consumers suddenly less confident


there fixed the headline for you

Fri, 06/14/2013 - 11:06 | 3658088 MrSteve
MrSteve's picture

They could pay the NSA or any data broker...

Click to enlarge this newly released infographic on data brokers, the immmense market they serve and how much money is on the table. The IRS can buy this info to "see" if your census block is paying its fair share, etc.


Fri, 06/14/2013 - 10:35 | 3657999 bondman1
bondman1's picture

It's not weather you win or lose...it's..well weather you win!

Fri, 06/14/2013 - 10:44 | 3658023 BeagleOne
BeagleOne's picture

Regular gas(87 octane w 10% ethanol) is already $3.859 per gallon here.

Fri, 06/14/2013 - 10:50 | 3658035 FeralSerf
FeralSerf's picture

They have to keep gas prices high because consumption is DOWN BY HALF, and they don't get to sell as much of it. Big Oil needs to charge more to get the same income if they can't sell as much of it.

Fri, 06/14/2013 - 10:53 | 3658048 SheepDog-One
SheepDog-One's picture

Consumer a bit less confident in ability to afford artificial cheese? Meh....hey go 'front run' that HFT dorks see if I care.

Fri, 06/14/2013 - 10:55 | 3658054 Yen Cross
Yen Cross's picture

    I'm sure everyone has seen the new "dumbed down" format that Reuters is offering on it's web page.

Fri, 06/14/2013 - 10:59 | 3658064 sodbuster
sodbuster's picture

Someone tell Jim Cramer and those idiots at CNBS- they are clueless.

Fri, 06/14/2013 - 11:15 | 3658118 Nue
Nue's picture

I have this fantasy where I hack Reuters so that the HFT's get numbers that are 30% higher than they should be and the tier two get the correct data. I wonder what kind of havock that would cause.

Fri, 06/14/2013 - 11:21 | 3658135 PowerPlayer
PowerPlayer's picture

CNBC's reporting on this issue has been completely irresponsible.  Bloomberg, Thomson Reuters, The Wall Street journal, the Financial Times, the CME, the NYSE, etc. all sell access to their data and content.  How many people pay exchange fees to have access to data to which general retail investors don't.  I'll tell you, all the people on CNBC complaining about the practice.  Jim Cramer is the biggest hypocrite on TV.

Rick Santelli is the only one being honest about this practice.     

Fri, 06/14/2013 - 11:41 | 3658191 NotApplicable
NotApplicable's picture

Well, not quite as irresponsible as anyone who chooses to view CNBC. o_O

Fri, 06/14/2013 - 11:25 | 3658144 orangegeek
orangegeek's picture

RBC patented a HFT router to block this shit.




From 2011.  Anyone have any updates?

Fri, 06/14/2013 - 12:34 | 3658431 Shizzmoney
Shizzmoney's picture

Thomson-Reuters pays UMich $1 million for the early access.

I could of told them that this confidence number would go down.......WITHOUT seeing the polling results......for $50.

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