When looking at trends in any market, there is often folly in focusing on immediate changes in data. Up-and-down data movement over a short horizon usually creates chatter that can cause whiplash and clouds the vision of investors. 

But the issue of chatter isn’t one only for an hourly or daily or even weekly fixation. It can happen in a year over year comparison because the aggregation leaves you with only two data points that feed into either concern or euphoria and may seem more important than they are.

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