The Madness of the Machines: Orange Is The New Black (Monday)

We don't think the one-year S&P 500 graph enclosed is the work of any carbon units (at least sane ones)---much less the "pricing-in" of a rosy future of pro-growth economic policies. Instead, it simply reflects the relentless bid of the algos, which are programmed to buy the most recent uptick and then the next and the next and the next.
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.