This is likely a dead cat bounce. Intense market swings exacerbated by liquidity crunch.



Wild Stock Swings Magnified by Headline Bots, Strained Liquidity

 

The stock market is particularly vulnerable to wild swings right now due to a combination of thin liquidity and headline-driven algorithmic trading bots.
That’s what helped turn a false tweet about President Donald Trump’s plans for tariffs into a $2.7 trillion market rebound on Monday, and is fueling another jump in US stocks today.
As traders grapple to keep up, market makers dial back, making trading more expensive — and making equity markets extremely volatile. Those conditions remain in place, with the S&P 500 surging more than 3% when the latest session began.
“Liquidity is terrible, so anyone with just a decent-sized order is going to move the market,” Brent Kochuba, founder of the options data provider Spot Gamma wrote in a research note to clients on Monday.