The worldwide on-every-corner coffee seller Starbucks (SBUX) is up sharply today as traders and investors bought aggressively after the company announced that its China business was getting back to normal.
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We must figure out what really happened on the move up, because it had as much to do with real-world prices of assets as it did with the end of COVID doom.
The stocks that hungry traders favor the most performed poorly and speculative liquidity dried up.
This market is either going to test your patience or your fortitude.