It's very obvious to me.
There are big bets EEM will move up this week.
No idea what's going on with this market. It moves up for no reason and someone is betting that the VIX will go much lower. At the same time, the option activity points to lower equities.
No idea why USO is not rallying after hours.
It is really sick that the most overvalued stocks are outperforming.
NAV is $39.38 and it looks like Asia will be trading up today. There will also be window dressing for the quarter. If there is no Greek tragedy, EEM is at a bottom now.
Against Bloomberg estimates of a 3.95 million barrel build, API printed only a 2.89 million barrel build; and WTI crude prices surged to the day's highs.
This is not going to look good for Putin.
Refer to the Mar call buying. It looks like they are going to mark it up for end-of-quarter. Your money should be in Asia and not overvalued US stocks. The put/call ratio for IWM is significantly higher. It's positioned for a fall.
It's definitely rigged but when the valuations are ridiculous, it will correct. The pension funds and insurance companies have to sell before the end of the quarter to meet obligations. There will be a small correction. Look at the VIX call/put ratio and you will notice there is substantially more call buying.
Zero rates are far from normal
•expects inflation to rise once energy impact falls
•discussion going on about dropping patient
•dropping patient means fed can hide at any meeting
•doesn't plan to tighten that successive
•the dollar strong as a result of the strength of the economywill
I guess this means they will be selling long term treasuries before/after raising rates so that we don't end up with an inverted yield curve.
They need to sell to meet their obligations.