With One Trading Hour Left, NYSE Volume Is 50% Of Average
One quick look is enough to understand what is going on with "market participation." Now that not even Johnny 5 will come out and play, as there are no more rebates to be collected in Citi shares, NYSE volume is now at 2.5 billion shares, just barely above 50% of the average, with one hour left in trading: in other words the perfect time for the Fed-Citadel JV to ramp everything higher using nothing but ES and SPY. Once again, central planning wins. The problem, however, will be when the selling resumes, as there will be no marginal buying, especially with no more shorts left in the market and looking to cover.
- advertisements -