It's wild to me how much the markets recovered with every little pause or extension. To me it feels like they're wildly optimistic that he'll back away from the cliff but I have strong doubts.
The jumps are short squeezes. You get the biggest up days in a bear market. When everyone is shorting and buying puts, if it starts going up a little bit, many of them cover, and to cover they have to buy, so it goes up.
I wonder how much algorithmic trading affects this and whether these changes are just results of certain headlines being interpreted by some computer programs.
