So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range. I checked the news, without finding any big events happening. Any clue, why is this?
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The spike down ain't as important as the subsequent rally that made the selloff almost meaningless. In another word, the market is brushing off all bad news.
I still am. A few years ago during prime time of the Fed Juice, news generally didn't matter, though.
Good Evening Warren, My grandfather use to tell me shut up when I ask ask him questions that start with the word "why". He would always say after I ask him "why" question....... "No sense in asking why boy, just do what I tell you to do boy and shut your ass up. You will die still asking why. Who cares about why." Just put food on the table, do not worry about how the food got on the table.