Stocks are defying gravity and riding a wave of last-gasp liquidity, it seems.
The Trump Administration rejects the reality of the conflict in the Middle East and substitutes its own.
VIX, of course, fell.
SpaceX (SPCX) continues to undergo the distribution phase of a 'pump and dump.'
The Dollar chopped sideways, just shy of the 100 handle.
The adults in the room, those who follow the bond markets closely, are making whimpering noises as they see the 10 and 30-year US Bonds climbing in yield to significant levels.
Crude is bouncing up against resistance after its recent paper smackdown.
I think we will be looking back at these prices with nostalgia, in the not too distant future.
Bitcoin (BTC.X) is very much in a trading range, and I fail to see anything that is going to be providing it any sustained lift.
To the contrary, if selling in the tech sector intensifies, as I suspect it will, then Bitcoin is going to be retracing and seeking support somewhere south of 50k.
This reminds me so much of the early 2000s; it is almost unnerving— tech bubbles and war drums fed by lies and deceptions and contrived narratives of hatred and fear.
Who could have seen it coming?
It is now as it was then, and has always been.
Have a pleasant weekend.
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