Bored by the benign chop in markets drifting ever closer to all time highs again? With almost programmed certainty new highs are coming every month after all. New highs Fed balance sheet, new highs $SPX. Every month since November. Tit for tat.
While volatility is found in the chase of meme stocks from $CME, to $AMC to now Clover Health the broader market is barely moving intra-day and the occasional dips are ferociously saved and bought followed by hours of tight range chop action:
With most market gains entirely driven by overnight gap ups: