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OK, so retail sales miss, INTC lowers guidance and the SM is screaming higher. Why?
Must be because the Fed is on hold today because of the bad news?
ZH did an article about the Japan CB buying down opens in the SM 76% of the time. I’d suggest the Fed buys down opens 90% of the time, and drip sells gold.
From ridiculous to sublime was the best quote I’ve seen in awhile.