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August 2022. The Fed clearly stating that interest rates will go up. But the market rallying and the news interpreting every bad new as a good new. Can this be the Smart Money in a distribution Wyckoff cycle?
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March, 2023. Powell says that interest rates will be higher than expected and for longer than expected, but since a single company (CRM) shows good results, the market rally again. Then the inevitable happens and markets plunge.
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This night, the futures market rallying (ES 2%) after the Thursday and Friday plunge and the SIVB contagion fears. But at the opening of EU markets, all gains have been lost…
Is this simply the market irrationality? Are there something more? What do you think?
submitted by /u/BombusRuderatus to r/Trading
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