Quite possibly. There was a huge amount of SPY put options purchased today for October expiration. Around 200K contracts. Some large fund must have bought a ton of downside protection.
I can bet every cent and say that this is what they want, this is what they need to create the euphoria that job losses are going to start to skyrocket and that a call for a plan of action is needed, which is a cut in rates....thats what this is about...now we will have 0% fed funds rate and unemployment ticking higher....one guy said he sees a 1% cut in rates by December as unemployment rates skyrocket. Wonder how well equities will do when unemployment rates start moving up to 3 4, 5 and 10 year highs.....
Nah, in 3 years the clown king will be gone and his fool has absolutely no chance of replacing him. MAGA will wither away and reasoned politicians will return.
You should read up on capitalism. This is the chapter on creative destruction. Just like market pullbacks, it's both healthy and necessary.
Deflate the dollar, earnings magically appear to increase. Remove poorly performing companies from indices. Replace with the new stock-market darlings. It's the way it has always been I guess. The confidence trick has to keep on working or they'll pull the rug a-la 1929.
"accuracy concerns" lol: https://www.foxbusiness.com/politic...se-monthly-jobs-report-over-accuracy-concerns