This is an unprecedented move in all sorts of ways

by Chris

Also intriguing, since March 26, the S&P 500 gapped higher at the open 15 of 17 days. Those gaps account for 97.9 points worth of gains, but the S&P 500 is up only 87.79 points since.

The U.S. stock market is calm. I dare to say that it’s suspiciously calm. But is this the calm before the storm?

For the entire month of April, the S&P 500 Index SPX, +0.16%  did not rise or fall more than 1% on any given day.

Also intriguing, since March 26, the S&P 500 gapped higher at the open 15 of 17 days. Those gaps account for 97.9 points worth of gains, but the S&P 500 is up only 87.79 points since.

That means during regular trading hours, the S&P 500 did nothing more than digest overnight gains, and actually gave back more than 10 points.

Hard to see this as anything other than a heavily deformed “”market.””

I measure the move off the December lows as a near-perfect 80 degree angle.

Ruler straight.

As natural looking as Donald Trump’s hair.

Way to go Jerome…you now own the most perverted “”market”” in all of history.  Good luck with that.