by Chris Black
Algos control the market and they are programmed to keep a bid to the market.
Left alone the market will keep going up 15-20% a month.
If every human dropped dead, the market would still trade up to its pre-programmed destiny.
Humans cause a selloff, and then Skynet keeps trading the trend lines and charts like they matter to the economy.
If there was a spike twenty years ago, the algos see it as an indicator to front run the pattern.
It truly is a market for idiots.
Stocks, Bonds, & Bullion Bid; Dollar Skids… Despite Fed Hawk-nado t.co/R1JCHpomMX
— zerohedge (@zerohedge) September 7, 2022