V likely that we do get a good SM gain today, as mkts will and are responding to CB’s etc……but if this thing gets worse then the reactions are likely to be less and less fast, as this type of event is something that will prick the CB bubble and lay waste to their supremacy.
U could not devise a more perfect way of wrecking CB control and that’s what I find scary, as it had to happen, the mkt Gods have had enough.
Real mkts will come back.