PPT In Da House? Stocks Suddenly Explode Higher As Gold Plunges

Out of nowhere - and following bad news that OPEC talks have ended with no agreement - US equity markets are suddenly miraculously and powerfully bid higher...

And gold is getting monkey-hammered...

...did Mnuchin make the call?

Well Benoit is at his desk...

Some have suggested that the machines misinterpreted a headline from The WHO:

  • *WHO'S TEDROS SAYS SLOWING DOWN THE EPIDEMIC SAVES LIVES

Wait - "slowing down" - Buy Mortimer, buy!

Others have suggested it was a reaction to comments by White House Economic Adviser Larry Kudlow who told Bloomberg TV that "the Trump administration is considering immediate fiscal measures, separate from the tax cut plan crafted ahead of the election."