February Kickoff: Stocks Ignore Overnight Carnage in Gold/Silver/BTC; Oracle’s $50B Gamble

Illiquid extended hours/futures trade isn’t always the best indication for the cash market. In fact over the last few months, pre-market indications tend to flip at the cash open. The overnight narrative was that the plunge in metals and Bitcoin were sparking margin calls, rippling throughout multiple asset classes, including index futures. The minute the…