Apparently AAPL slashing guidance is inconsequential and Bill Gates, who is predicting 10 million deaths, is some sort of conspiracy theorist – because the market continues to ignore the coronavirus story. Perhaps somewhere down the line the investing world will come to realize what we’ve known for years: stocks have become increasingly easy to manipulate.
Lately, it has been VIX’s constant smackdowns below various measures of support and the perennial games played with currencies which have directed algos to buy every dip. With oil and EURUSD having reached important downside targets, the formula might change somewhat. But, at what point will the game be obvious to all?
Futures are off about 15 points, not even 1/2% after a slew of dreadful headlines over the weekend.
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