Another day of:

TSLA stock split sure rally justified but AAPL potentially cuts IPhone SE production by 20% ~ 2 - 3 million units and still rallies? Well considering they sell a couple hundred million units sure that may not affect its revenues by a lot but still considering the amount of uncertainties in the markets and the economy, 10 straight days of green!? I don't think even the Bulls saw that coming .

So the only explanation I really have for this rally is simply the fact that money from bond markets really has nowhere to flow to other than large cap risk assets like AAPL, TSLA etc. Considering the inflation obviously the money can't just sit in a bank account. My inital assumption was that the rally will unlikely be as strong and consistent coming into this week, assuming buying should be exhausted to some extent by now but now I'm starting to wonder just how much money is still out there from the bond selloffs and how long all this will last. Maybe if PCE data shows some signs of easing even though highly unlikely it can potentially bring some hope into Bonds again and potentially only then will markets really go down.

So maybe for the time being before any actual economic and earning releases, Bears should reaccess markets appetite for risk?