Hate to say it but the VIX runs the show and I think Investors are just going to keep this on algo mode. I keep hearing bullish investors that they are waiting for another dip to buy more. I'm starting to think that recession is canceled til a real investor pulls the rug out. I don't think that's going to happen because these are really powerful companies with plenty to lose. For big investors its either the 10 year bond or $SPY. Everyone is too bearish, which usually means that stocks will go up. I think only small businesses suffer after all this like always. For big businesses unemployment means "free restructure". I guess this is the truest of bull traps if it ever was one. The 2018 mini crash its how it will look like because big investors just see it as a dip especially with government backing.
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* I Meant Bear Trap*