Equities markets are often driven more by emotion than fact or fundamentals. 2 nights ago we saw Wall St surge on another positive vaccine announcement and then last night fall back. Nothing much changed so did the market just momentarily pause and look more pragmatically at fundamentals not hope? Only a little… it is now in Extreme Greed mode but the smart money is not buying it.
https://www.ainsliebullion.com.au/gold-silver-bullion-news/smart-money-is-taking-cover/tabid/88/a/2394/default.aspx
