Suddenly, after a few days from extreme gloom and bearishness, there is a pandemic of irrational exuberance! And, in September, most bearish month on the year, seasonally.
Most of this seem to be the hope that inflation will be lower than previous month, even if still above 6 or 7^.
Hope is eternal but markets will dash all these bullish hopes, wishes, and dreams by the next week or so, into the end of month & quarter.
OPEX week is here, usually bullish until Wednesday, then down. Could be different this time around -- bullish then down seems more likely.
I will continue to build a partially hedge HUGE SHORT position on all rallies.