Normally it’s called a dead cat bounce (idk why 😿) when the stock market crashes and then has a nice little bump before crashing more.
It’s people trying to buy the dip, and fat cats pumping and dumping more shares, VCs trying to dump money into stocks to keep it near an attractive number, etc.
What Trump did here was gave the stock market a line of cocaine during it’s dead cat bounce.
Because the news lags. Tomorrow every country will come out in the press full force about Trump’s bullshit and the markets will tank again. It also will take a week or more for people in the US to realize how much their winter Citrus and Avocados cost.
Normally it’s called a dead cat bounce (idk why 😿) when the stock market crashes and then has a nice little bump before crashing more.
It’s people trying to buy the dip, and fat cats pumping and dumping more shares, VCs trying to dump money into stocks to keep it near an attractive number, etc.
What Trump did here was gave the stock market a line of cocaine during it’s dead cat bounce.
Soar? Today? Sure. Let’s chat next Tuesday…
We had a bounce like that yesterday. Still too early to say if this one is a bounce or not. Have to see tomorrow / over the next few days.
Because the news lags. Tomorrow every country will come out in the press full force about Trump’s bullshit and the markets will tank again. It also will take a week or more for people in the US to realize how much their winter Citrus and Avocados cost.