Good observation from Barry Ritholz about window dressing:
I was trying to figure out why the NYSE would open when not at full operating capacity……… Mutual funds are closing out their year on October 31st. I suspect they are desperate to get one last positive mark on the books before the new year begins.
via The “Make Believe” NYSE Opening | The Big Picture.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
I believe they are trying to project the stability that is ultra important for a leading exchange