Trader Mark submits:I am noticing some very strange things happening, and I simply have to think the algorithms don't care about individual stocks that much anymore and are simply making sector bets. If you've been following the markets closely, you will know the financial sector has been on fire of late. (Click to enlarge)
In a world where 40-60% of volume each day are just computers rapid fire churning, and making sector allocations based on whatever the PhDs have programmed, it seems we have reached a point where individual news has become somewhat irrelevent. Two examples using the financial sector:
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