Equities Rebound and Zelensky in DC

With the holiday right around the corner market moves have become quite exaggerated as chaotic moves should be anticipated given the light participation. We would also want to note that year end moves will also add to the volatility as investors and traders rebalance accordingly. Before we get into the markets where we will cover things technically and fundamentally, let’s look at who made their way to DC today. We can’t help the timing given the blockbuster spending bill going through, but we all know Billions are and have been and will continue to be sent to Ukraine. This is a proxy war that the United States is fighting and when it comes to an open check book, the US Congress holds the title, by many factors. Anyway we saw Glenn Greenwald post this today:

Doesn’t anyone ever wonder who has oversight of these funds? Where they go, exactly what they buy? Is there anyone at the helm wondering where it all goes? Yea I know…probably not. What stands out to us is the fact that we are sending $100B ++ and Putin spends $65B a year…seems odd right?