A massive short squeeze has developed in the US markets. Because there are so many hf's who use shorting as part of there strategy it creates massive squeezes. Check out amazon or SBCF which I was short and took a beating. Its hard to fight the endless amounts of money. The data comes out bad, but when the crowd gets too bearish everyone gets pummeled.
COF has regained a lot of ground that it lost. Interest rates are still too low.
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