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Monday opened, and last week's "risk-off resonance" seems to have dissipated: European stocks all closed higher, the VIX retreated from above twenty, and Micron even surged a few points intraday. Immediately, someone asked backstage if this was a reversal and whether it was worth chasing.
My view is the opposite: the more a Monday in a risky week suddenly turns bullish, the more it should be treated as a bull trap. The three major events this week (SK Hynix the Federal Reserve, and tech giant .
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