If the bank collapse in Paraguay hadn’t happened today, and stocks hadn’t initially risen yesterday, I’d tend to agree with you. This is odd enough to potentially have a better explanation than everyone got happy and then sad all of a sudden.

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method_capital 2 days ago | parent | next [-]

Paraguayan banks don't mean a whole lot in the global financial markets.

	▲	Fargren 2 days ago \| parent \| next [-]
		The fall of the bank didn't cause Nasdaq to fall. But the opposite direction, or both events having a common cause? Entirely possible.
	▲	JumpCrisscross 2 days ago \| parent \| prev [-]
		Paraguayan banks with close ties to a politician with, in turn, ties to the Trump family absolutely hint at money moving around.

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golden-face 2 days ago | parent | prev | next [-]

I thought the bank collapsed on Monday? And it was only like a 3 billion dollar bank? So note huge.

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shermantanktop 2 days ago | parent | prev | next [-]

Read enough of these “explanations” of what the market did and a portrait emerges of extreme emotional volatility combined with a fantastic imagination. The market is insanely happy because x went up, which means the Fed will do y, and so pork belly futures will do z. Oh no! Now it is sad! But for the same reason?

	▲	throwaway2037 2 days ago \| parent [-]
		For the same reason, spot FX commentary is utter garbage, yet there seems to be unlimited amounts of it.

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dodger-dog 2 days ago | parent | prev [-]

Wall Street banks avoided becoming a political talking point with that action yesterday.