Over the past month or so, every time a negative news came out such as Houthis firing missiles, the markets fell, while it rose on positive news. However, at the start of April, it bounced on "old news" of diplomacy and negotiations.
If that is not strange enough for you, say it was still considered a positive development despite being a rehash of previous information, events and sentiments have become worse since then.
Except the market has barely reacted (dipped slightly but largely holding). Price movements have been attributed to news or "surprises". Except when it no longer explains anything. Something is very off.
[Chart of USO and SPX](https://imgur.com/a/rZuSB4D)
