$SPY is still over 450 for opex/quad witching tomorrow and it hasn't moved aftermarket so this definitely isn't news yet but they would absolutely wait until the weekend to make it official and shift their positions over the weekend.  this clown fucking market.  ECB just hiked 25 bepis and they are still saying jpow won't hike next week and shit pumped today.

>bad news
green.
>good news
green.
>no news
green.
>hiking
green.
>no hike
green.
>higher CPI
green.
>lower CPI
green.
>China slowdown
green.
>Germany going into recession
green.
>Micron negative EPS
green.
>"we don't sell phones"
green.
>green?
green.

It's the time of year for a crash and honestly it should have been last year.  the reverse repo utilization pumped to record levels starting march 2021 and ran it up to 2.5 trilly before it started dumping a few months ago and now it's just under 1.5 trilly.  This is best explained as the institutional banker's 'savings account' where they have more cash than they know what to do with so they put it in overnight treasury bonds and I and others think that it's their reserve fund to keep this shit levitating for longer than it should be.  all these fucking normies with their matched 401k contribs are only going to be exit liquidity when it happens but it's not going to happen until they are ready to pull the rug and that's why if china is really invading taiwan it won't be official until the big institutions are good and ready for it.