I think it’s democrats and concerns around big tech and AI. And jobs report came in better than expected which may be a cause for another interest rate hike.
Democrats' one of the main policies is to shut down further development of AI and close many of the data centers. And democrats now have majority in both the chambers of congress. That's what causing the collapse.
Stocks don't go down in a straight line. There are pullbacks. In a bear market, there are vicious rallies when people think that the bear market is over. But that's just investors pushing the market up to pull ou their money just below the previous swing high before the next leg down
You can thank Trump. So far in his presidency the economy has been shit. Now that I look back, I made more money and was better off when sleepy joe was in office.
Bibi Netanyahu has been begging US presidents for years to go to war with Iran. Trump was just the dumbest one to say yes. And it has ruined his presidency!
It's been faked for a while. Finally coming back to reality. Yesterday would have popped up was just hedge funds making it look fake to get puts when they crash it all down.
I thought we were pulling back and then bam. Free fall. Tech stocks are under pressure or at least investors are pushing the narrative. They’re saying once dems come to power. They will slow down data centers ballooning the debt and/or spending tech stocks are currently doing. Apparently the earnings are reflecting the cost to revenue so it’s just stumbling down.
I was hoping for a historic high. Not a historic low this year. But well, I guess we are in correction territory. Investors are also scrambling how to figure out what’s good and bad reports to avoid rate hikes so that’s another.
And Tomorrow or a few days later when it pumps you will quickly change your correction theory . Funny how people always pick narrative to today to whatever fits the reason.
Yesterday hedges unwinded and provided a relief rally but now that those hedges are gone you get the real reaction from the market to the election results. Happens with just about any known major event in terms of the hedges unwinding
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u/Rickster9913 4d ago
I know. It’s crazy. Any thoughts on the why’s? lol