Loading ...That might have been true at one time…but not anymore.
Another part of the algo programming is to use weakness in PM’s to spur buying of stocks.
So with stocks ten miles above the fundamentals and poised to crash if they stumble…they are not taking any chances by letting PM’s out of the bag voluntarily. It might happen at some point for some unseen reason now, but not yet. They are on a suicide mission to keep the bubbles inflated at all costs…which is why they love Trump coincidentally (all his complaining about the Fed is Kabuki for idiots).
If the SPX cash goes above 3125 there’s no telling where it can go if they can get the PM specs to puke up their futures / ETF positions again.
The fun never ends with these control freaks.
Cheers