One Reason Not to Trust the In-Day Stock Market Bounce Back

Because as Heisenberg explains, the ramp up in crude oil happened on Saudi jawboning; and because the S&P 500 went up at the same time, seemingly in sympathy.

I don’t really care because I have positioned in order not to really care until the market chooses a direction (my defensive stuff was doing just fine even on the hard down), but to me this is suspect.

spx uso

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