While nothing surprises us anymore with regard the thing we used to call a "market", today's equity market activity broke two stunning records that we suggest are closely related to one another...
First - the rally off the early lows to the European close was the largest of its kind in 2014... (beating the "Bullard Bounce" move from Mid-October)
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And Second - perhaps explaining this vertical mechanistic entiurely unhuman ramp - S&P 500 e-mini futures experienced the greatest number of quotes in a day in their history...
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So... A record surge accompanied by a record amount of quote-stuffing.
Thank you Mary Jo White for all that you do...
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Yeah - go ahead and cry!!
Source: @NanexLLC
