The only logical conclusion I can come up with is - the US needs to finance it's military and for that it needs a robust equities market to ensure consumption and taxes.
In a way I expect that the West needs a strong US (right now) and while Europe is disintegrating. The US financial model can't collapse. In fact, while it lasts (the US financial model) the US gets stronger.
Which is probably why China have decided to move away under Xi Jinping recently, deciding on a different route than "mini-me USA". (The longer the West uses cheap Chinese production through globalisation, the stronger the West gets. That's going to cease.)
So we have a perfect dead cat bounce likely for ??? a quarter or two ??? until the next global event.
It appears (to me) that global warming is going to be the ultimate party pooper.
