The notion that China will ease its zero-Covid policy spurs stocks higher even though there's no indication from the government of a pending change.
Of primary importance, from a macroeconomic perspective, the focus of the week will be the October CPI to be released on Thursday.
The elections and the CPI report are going to be the big market movers this week.
Plus, the German chancellor was in Beijing, and an SEC audit team reportedly wrapped up on-site inspections of several Chinese companies.
You are not going to miss out on the next bull market if you fail to buy today.
Chinese stocks have popped to the tune of billions of dollars over the last two days, based on a gossipy social-media post.
This trade eliminates concerns about windfall taxes, the SPR, OPEC+, the potential end of China's Covid zero policy, and more.
The tradable bottom of October 13 stands firm for now. At least until Jay and the gang re-emerge from their caves.
The Fed's zero interest rate policy led to poor capital allocation policy and to poor investment decisions.
A big runup into the Fed decision is going to create a very dangerous technical setup for the bulls.