I think the new intern manning the Buy button for the Fed must have held it down for too long?
If you look carefully, you can see that the intern must have nodded off because the unthinkable occurred from 2:00 to 2:20 a.m. the “”market”” fell a tiny bit! Unpossible!
Maybe they were playing some Fornite and lost track of time or something. So they freaked out, and just mashed that buy button for all they were worth, but over did it. Oops!
Now, as their manager comes in this morning, they discover that the trading account of the intern is the proud owner of a huge pile of heavily underwater futures positions and VIX shorts.
No coffee break for this rascal!
Yes, this is your “”markets”” at work. You know, ‘price discovery’ and all that.