Chart Monkeys On Wall Street, “Loco” Central Bankers In Washington, Part 2

Not surprisingly, today the algos and day traders made a determined effort to rally an allegedly “oversold” market. That’s what the machines do in a casino that has become uncoupled from reality after years of egregious central bank money-pumping. As a matter of pure price action on the trading charts, we have no idea whether they can muscle […]
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