The market has a way of hypnotising you that some how the FED is not going to tighten as they are.
They have these massive short squeezes but they are short lived when reality enters back in.
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The reality is, the Fed is sucking the liquidity. Bear market rally it is what it is, not new bull market.
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Interesting to see what happen to S&P500 once the liquidity being sucked away in QT
Blue line - liquidity conditions
TradingView : FRED:WALCL-(FRED:RRPONTSYD+FRED:WTREGEN)*1000
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