If you were a price managing twat trying to paint the tape to the effect ‘stocks are good and PMs bad because there’s no inflation no matter what you say or think’ – well – wouldn’t you have your minions make it look just like this – all the while shouting the battle cry “who the F needs PMs when you can have Tesla, or JPM!”
Jamie Dimon (and everybody else) have a lot of bank shares to sell now so they will need a firm tape into Christmas.
I don’t think they will get it.
This is a month end jam job for stocks.
But you gotta try.
Cheers