I am doing day trading. So I just focus on the past few minutes to the past few hours of the charts, and I react to it. I seldom look at the day chart.
As a quick reference, I always look at market-cap vs enterprise value to get a feel for a company's use of leverage... look at the top 10 companies in the S&P.... over 30% of its weight... Not sure your statement is correct.
Until the pandemic gets over around the globe, sudden rise and fall will continue making the market unstable. Fingers crossed and hopeful that it gets over soon.
Everything you say is true. The FOMC has hijacked our markets. It started with Bernanke. I remember when the FOMC balance sheet was $400 billion in 2008. Here we are today at 8 trillion....real numbers double that. Wait till the American people find out how the central bank created money out of thin air....bought up hard assets. No work required.....simply amazing. Keep the peasants distracted with RACISM...RIOTS....DEATH....