05-05-2022, 05:16 PM
It doesn't make me wonder at all. My GME-related research has essentially confirmed how the markets are rigged. Citadel, for example, routes orders to their dark pool at the press of a button. Doing that means the dark pool routed order flow never registers on the lit market indexes. It's like the orders never happened, from an index price or single symbol movement perspective. Then, the NYFed trading desk (biggest whale in existence) dips into the ESF and uses the taxpayer money in it to buy huge chunks of index futures and whatever else is on the menu. Of course those purchases are routed to the lit markets, which signals everyone else's algos to follow suit. It's how you get ridiculous ramps like yesterday. On the other hand, the NYFed has to sell those purchases back into the market (they don't engage in buy and hold generally, except for 13(3) SPV and QE/MBS stuff, only plunge protection measures, perception games and FOMC policy) which exasperates market reactions like today as they sell yesterday's ramp back into the markets. It's really quite simple though it happens at the speed of light.
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