It didn't quite work out that way, and stocks opened into an absolute rout, with the NYSE TICK indicator not turning positive until almost one hour into trading after one of the biggest negative ticks of 2022.

As a result, those who expected yesterday's BOE "temporary QE" pivot would be enough to push stocks higher for at least a few more days - here even some of the biggest pessimists expected this bear market rally to last for 2-3 days at least - were promptly disappointed as stocks tumbled all day, dropping almost to new 2022 lows...