Do we think this week would have still happened this way if the Sunday night futures werent ramped up so much?
But the actual Open is much stronger. I'll be looking to enter long today. Hopefully on a pullback. Will switch bias on any sign of weakness, but main scenario from here is a strong run up today. EDIT: The outlier/optimistic target on the day would be 2880. Powell speaks at 10:00. Let's see if the market likes what he's saying.
Only other explanation is asset re-allocation from fixed income to equities, but too much of a coincidence in timing the buy every Thursday.
Central banks worldwide have been and continue forcing everyone into stocks as there's no yield anywhere else.
Well it looks very unlikely now that we'll see 2176 lows of 2 weeks ago. Shorts are fighting the fed who will monetize everything if need be . The only question is what are the consequences for printing $10 trillion? So far last 10 yrs there are none.I keep looking at the vix at 42. What does it know? Based on a 30% rally in stocks it should be back in the 20's max right now.