Hmm…this seems like it is worth the read. “What Does Equity Sector Orderflow Tell Us about the Economy?”

I have only read the abstract and the first few pages but I think that this could be an important paper by Alessandro Beber, Michael W. Brandt and Kenneth A. Kavajec.

Here’s a quote:

‘it is conceivable that orderflow may contain more or different information than is contained in prices or returns it is conceivable that orderflow may contain more or different information than is contained in prices or returns.”

http://www.cass.city.ac.uk/__data/assets/pdf_file/0014/105800/What-does-Equity-Sector-Orderflow-tell-us-about-the-Economy.pdf

Any thoughts here?