The artificial reflation aka short squeeze continues. It is centered on the financial stocks and in particular the SP futures. This is a classic Bob Rubin market fix technique from the 1990's. Don't fix the problems paint over them.
At times like these the stodgier Nasdaq100 performs the role of confirming moves up or down led by the SP 500. The broader indices are even more important.
This market is being slapped around in an effort to skin the overlevered small specs, so keep your positions small or even better, cash in your pocket. The banks are having a last gasp at manipulating nearly everything
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“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception