Today was a QE bet, risk on, as the market shook off any fears of Europe.
But this is an obsessive-compulsive rally, and the trends go with the winds, which are highly variable.
“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