Between the Texas drawl and his very apparent dotage it was hard to understand what he said. He must be in his 90's by now.
Why? Government goodies.
Back to reality.
Shanghai is also starting to back down. Oil finished weak yesterday. The U.S. rally was led by junk. Not a new Bull market by any stretch of anyone's imagination. UVXY higher pre-mkt.
China may rally early in sympathy with U.S and other WW mkts. action this week but volatility is not done. Trade carefully if you are short UVXY or in SNP puts.
I' m a comfortably retired Morgan Stanley V.P. This is my play money. No big deal but keeps me in the action. The current rally will peter out soon. The market will remain in a correction mode through this month and possibly through year end IMO.
The real deal is earnings season will be dismal vs. last Q and last year. Guidance ? Better of course but the base is still yuk.