Stocks did their usual pop on Monday, as those who hedged their positions over this weekend of war were squeezed by the wiseguys.
Machine-gunning lifeboats is one of their favorite plays.
There will be an option expiration at the end of this week.
There will be an FOMC rate decision on Wednesday afternoon.
I am have little doubt that Bessent is lobbying hard for a rate cut, at Donnie's behest.
The Dollar slipped off the 100 handle.
Bitcoin is hold in the low 70's.
This market is pumped by the bubble fluffers in the Treasury and NY Fed, and their Banker friends who will hitch an easy ride on any wash and rinse, especially if it is backed by the Administration.
It is set up for what could prove to be a fairly impressive correction.
The 'war' is not going well at all. My major concern is that someone is going to do something monumentally foolish and cross the mother of all red lines.
Have a pleasant evening.
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