While nothing surprises us anymore with regard the thing we used to call a “market”, today’s equity market activity broke two stunning records that we suggest are closely related to one another…
First – the rally off the early lows to the European close was the largest of its kind in 2014… (beating the “Bullard Bounce” move from Mid-October)
And Second – perhaps explaining this vertical mechanistic entiurely unhuman ramp – S&P 500 e-mini futures experienced the greatest number of quotes in a day in their history…
So… A record surge accompanied by a record amount of quote-stuffing.
Thank you Mary Jo White for all that you do…
Yeah – go ahead and cry!!
Source: @NanexLLC
via Zero Hedge http://ift.tt/1sCcz6t Tyler Durden