What else could it be?
Now that the Trump trade has fully imploded, this latest rally is due to the skyrocketing prospects for impeachment.
You honestly can't make this shit up...
MW: Welcome To The Trump Impeachment Rally
Amid the relentless circus spectacle, the big financial story of the week, was the Brazil wipeout...
Emerging-market stocks saw their largest inflow in 39 weeks...
Most strategists remain optimistic about longer-term opportunities in emerging markets.
Wednesday's global sell-off, was subsequently bought with both hands, while volatility got sold with both hands...
BBG: The Short Volatility Trade Finally Takes A Hit
Volatility net long positioning (Futures and options), horizontal line is neutral. Below the line is short...
The Goldilocks Impeachment is "priced in":
Index put/call ratio (30 day moving average)
"We advise all customers to double down on impeachment"
Rydex cash balances
Don't worry about hedge funds. There won't be any...
ZH: Fed Bullard Admits Fed Tanked The Economy
inflation and inflation expectations “have surprised to the downside”
the FOMC’s contemplated policy rate path is overly aggressive relative to actual incoming data
"It was a Goldilocks Swan event"