Indicators vs. Price Action: Still a Debate?

It's still surprising to me how much weight some traders put on lagging indicators like CPI or NFP to dictate their moves, especially when price action on something like $LCO, even at 26.972, is telling a clearer story in real-time. Are we really still debating whether these reports are more than just catalysts for volatility that's already building up, rather than the primary signal? Would be curious to hear why anyone still leans heavily on them.