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Given the extraordinary strength of the market this morning, I was bracing myself for catastrophe, led in particular by the news that Vistra (VST), on which I was long put options, was the most “up” stock in the entire market thanks to the regulators giving them a multi-decade blessing to run nuclear power plants.
While it’s no joy to wake up to a screen packed with green, it’s at least nice we’ve got a dynamic market again. Movements of 50 to 100 points on the /ES and hundreds of points on the /NQ on a daily basis have become the norm again, instead of those pathetic days just weeks ago when +0.00 was a typical sight. This morning, the /ES has blasted more than triple digits itself in the span of hours, quickly shaking off any Microsoft blues.
