The use of merger and private equity action to rally stocks is a toxic situation...
This all comes from the final daze of the hyperliquidity policies of the FED and other central banks...
At some point this year...the hyperliquidity will need to be withdrawn as inflation heats up.
Watch gold, oil, bonds and the dollar... Stocks are really just a sideshow now. Nothing good can come out of the core issues like the dollar and the twin deficits which are now structural and irreversible... So anything happening in stocks is strictly short term...trading rallies will abound but the general situation is toxic in the extreme...