I know.
It’s in a significant correction right now.
I would have thought lower oil prices would have been seen as plus (except for oil stocks of course).
These supposed “unexpected events”, are amazingly correlated to when options expire which is the third Saturday (Friday is the effective day) of every month.
These events always start about 2 weeks out from the expiration day and build to a crescendo till about 3 days before the actual options expiration day, when “magically” all the bad news turns out to not be so bad.
It’s the same old “market rigged” playbook that keeps being played over and over.
Why? Simple. Market volatility gooses option premiums. Volatility presents trading opportunities. It’s all manufactured and timed to benefit trading.
Watch...come this Wednesday, the “tone” of the talking heads will suddenly change from the world’s coming to an end, to “well gee, it’s not really that bad”, and “hey, lower oil will benefit the market”, etc.
The markets will once again rally and the band plays on.
Just my two cents.