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Only A “Black Swan” Can Stop Me Now!
Right, so nothing matters anymore.
Not the fact that a reality TV show host and government neophyt
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In the market, if it’s obvious, it is obviously meaningless.
I think it’s more of a “deer in the headlights” thing.
An educated guess would be something in asia. Large china deval, BOJ capitulation, etc..,
My take is that what we are witnessing is the tail end of a rally with complacency having set in, and risk being ignored. The market says glass is “half full”. Once a piece of information suggest continued peace and money supply growth is at serious risk, sentiment will change.