Because nothing says rational human stock-buying like the entire world's PMIs collapsing to multi-month lows. Thank the lord of the markets for AUDJPY which took over the mantle from USDJPY as US equities opened... Of course, it is OPEX tomorrow, so this all makes perfect sense. Now all we need is for a stock exchange to break and the unrigged game is complete...
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VIX was smashed higher at the open...
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and with OPEX tomorrow that will never do...
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As a reminder - China PMI is at 6-month low, Europe at 16-month low, Japan dropped and is in a quadruple-dip recession, and now US manufacturing is at 10-month low... seems like QE really worked eh!?