| ▲ | vasco 4 hours ago |
| The market moved in reaction to the totality of events that happened in the world all averaged out through the actions of the participants, anyone who says "this" was what happened on any day is wrong. Some days have dominating factors but even if the event is the dominant one, the reason why it has the impact it does might be a 3rd or 4th level effect. |
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| ▲ | JumpCrisscross 4 hours ago | parent | next [-] |
| > anyone who says "this" was what happened on any day is wrong There is never a singular reason. But there are negligible reasons. S&P not changing its rules was a negligible reason for today's tanking. |
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| ▲ | altmanaltman 4 hours ago | parent [-] | | But how can you quantify that? There is no way to prove it, the market cannot say "I wasn't moved by this, I was actually moved by that and this part was actually just negligible." Isn't it all subjective in the end because nobody really makes their trades with verifiable notes expressing the exact reason. So we can only guess right? | | |
| ▲ | JumpCrisscross 3 hours ago | parent [-] | | > how can you quantify that? Precedent and timing. Rates-related news is always going to massively shift the market, and the market shifting right after the jobs report is a pretty clear signal. Moreover, S&P holding course wasn't new information–there was zero evidence of anyone pre-trading a rebalancing, which means the market didn't expect S&P to materially change its rules. |
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| ▲ | khazhoux 3 hours ago | parent | prev [-] |
| Thank you! So sick of people always ascribing the market's movement to whichever narrative headline they pick that day. |
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| ▲ | iugtmkbdfil834 2 hours ago | parent [-] | | Heh. I would not discount narrative so fast. You may not believe it, but it does not mean others don't. | | |
| ▲ | kd913 40 minutes ago | parent [-] | | My theory is hedgies and investment banks using semi and ai hype as a liquidity bridge to drop into SpaceX which happens next week. Arm and AMD pumped to insane levels on basically nothing. What proof is there for your narrative versus mine? | | |
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