It Doesn't Have To Make Sense
The market is a forward looking mechanism.
Why do you think so many stocks were already rolling over well before COVID? Why do you think Treasury Bonds and other defensive assets were already catching a bid before COVID?
Because these are forward looking instruments.
What we're seeing today is the market pricing in the things we're going to find out about later on this year.
The media will claim that it's "news", just because it may be news to them. But by then, that will have already been priced in, and the market will be looking out even further into the future.
The permabears will claim everything is broken. The media will lie to you about how the market is doing what it's doing "because" or "despite" that news that they claim is news.
But it will only be news to them, and people who are unaware of how the world actually works.
And then the cycle repeats itself.
You see, the market doesn't care about last week's "number". It's looking out quarters into the future.
Don't be a fool.
Price is the only news you need to know. The rest is glorified gossip, at best. Malicious distraction at worst. Usually plenty of both.
Grow up. Ignore that stuff.
JC
New Trades
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