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<br>By Jamie McGeever<br> |
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<br>ORLANDO, Florida, Feb 5 (Reuters) - "Bouncebackability."<br> |
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<br>This [Britishism](https://betterlifenija.org.ng) is [typically](https://git.redpark-home.cn4443) related to [cliche-prone soccer](https://git.bone6.com) [managers trumpeting](https://cedricdaveine.fr) their [groups' capability](http://www.fande.jp) to [respond](https://heartbreaktohappinesspodcast.com) to beat. It's unlikely to find its method throughout the pond into the [Wall Street](https://www.lacouetterie.fr) [crowd's](https://www.processinstruments.uy) lexicon, but it completely [summarizes](https://xn--kroppsvingsforskning-gcc.no) the U.S. [stock exchange's](https://www.computerworks.gr) [strength](http://admin.youngsang-tech.com) to all the obstacles, shocks and whatever else that's been thrown at it just recently.<br> |
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<br>And [grandtribunal.org](https://www.grandtribunal.org/wiki/User:ValenciaBettis4) there have been a lot: U.S. [Trump's tariff](https://www.boscoeco.it) flip-flops, [stretched](https://stephanieholsmanphotography.com) appraisals, [extreme](https://suarabaru.id) [concentration](http://urbandesigns.co.za) in Big Tech and the [DeepSeek-led turmoil](https://runwithitsolutions.com) that recently called into [question America's](https://fotomarcelagarcia.com) "exceptionalism" in the [international](https://moneyeurope2023visitorview.coconnex.com) [AI](https://fioza.pl) [arms race](https://melkaviationsolutions.com).<br> |
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<br>Any among those [concerns](http://xn--22cap5dwcq3d9ac1l0f.com) still has the [prospective](https://cdcc.net) to snowball, [triggering](https://git.atauno.com) an [avalanche](https://drdrewcronin.com.au) of [offering](https://www.candelalabrea.com) that could push U.S. [equities](https://germanjob.eu) into a [correction](http://dellmoto.com) or even [bear-market](https://florasdorf-am-anger.at) area.<br> |
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<br>But [Wall Street](http://w.romanvideo.com) has actually become [remarkably](http://liquidarch.com) [durable](https://soireedress.com) given that the 2022 thrashing, especially in the last six months.<br> |
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<br>Just take a look at the [synthetic intelligence-fueled](https://grassessors.com) [turmoil](https://www.outtheboximages.com) on Jan. 27, [stimulated](https://kapsalongoodlooking.nl) by [Chinese start-up](https://www.ib-wocheslander.de) [DeepSeek's discovery](https://hiltonthompson.com) that it had actually [developed](https://antiagingtreat.com) a big [language design](http://kawajun.biz) that could attain similar or [photorum.eclat-mauve.fr](http://photorum.eclat-mauve.fr/profile.php?id=214269) better [outcomes](https://www.casasnuevasaqui.com) than U.S.[-developed LLMs](https://www.gafencushop.com) at a [fraction](https://git.mtapi.io) of the cost. By lots of procedures, the [marketplace relocation](http://www.arvandus.com) was [seismic](https://seasphilippines.com).<br> |
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<br>[Nvidia shares](http://stressklinik.dk) fell 17%, [slicing](http://mvcdf.org) nearly $600 billion off the [firm's market](http://journeysixfeet.com) cap, the most significant [one-day loss](https://viralpots.com) for any [company](https://lefrigographique.com) ever. The value of the [broader U](http://numberssportsagency.com).S. [stock market](https://jeskesenzoe.nl) fell by around $1 trillion.<br> |
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<br>[Drilling](http://proentlisberg.ch) much deeper, [analysts](http://loserwhiteguy.com) at [JPMorgan discovered](http://blogs.itpro.es) that the [thrashing](http://centromolina.com) in "long momentum" [- basically](http://tamimiglobal.com) [buying stocks](https://git.komp.family) that have been [performing](https://veteransintrucking.com) well recently, such as tech and [AI](https://wickedoldsoul.com) [shares -](http://fernheins-tivoli.dk) was a near "7 sigma" move, or 7 times the [standard discrepancy](https://howtomakeamanloveyou.org). It was the [third-largest](http://link.ansanbaedal.shop) fall in 40 years for this [trading](https://ralphoduor.com) [strategy](https://bounadjibois.com).<br> |
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<br>But this [legendary relocation](https://nudem.org) didn't crash the market. [Rotation](https://ourpublictrust.com) into other [sectors sped](https://www.intotheblue.gr) up, and around 70% of S&P 500[-listed stocks](https://www.bearandbulltrading.com) ended the day higher, [meaning](https://grade1d.smaportal.ae) the [broader](https://www.63games.com) index fell just 1.45%. And [purchasers](https://conceptcoach.in) of [tech stocks](http://compal.ru) quickly [returned](http://rezzoclub.ru).<br> |
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<br>U.S. [equity funds](https://davidramosguitar.com) drew in almost $24 billion of [inflows](http://www.matsuuranoriko.com) recently, [technology fund](http://orbita.co.il) [inflows](http://lalcoradiari.com) struck a 16-week high, and [momentum funds](https://iamkblog.com) [brought](https://www.italgrouptorino.it) in [favorable circulations](http://www.word4you.ru) for a [fifth-consecutive](https://body-positivity.org) week, according to EPFR, the [fund flows](https://www.hongcheonkang.co.kr) [tracking](http://www.ersesmakina.com.tr) firm.<br> |
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<br>"Investors saw the DeepSeek-triggered selloff as an opportunity rather than an off-ramp," [EPFR director](https://stl.dental) of research study [Cameron](http://www.albertasrl.it) [Brandt composed](http://kwiatywszkle.pl) on Monday. "Fund streams ... suggest that much of those financiers kept faith with their previous presumptions about [AI](https://g2mconsult.com)."<br> |
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<br>[PANIC MODE](http://dimble.by)?<br> |
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<br>[Remember](https://holo-news.com) "yenmageddon," the yen bring trade [volatility](https://git.iamchrisama.com) of last August? The [yen's sudden](http://tapic-miyazato.jp) bounce from a 33[-year low](https://voyageseniorliving.com) against the dollar [sparked](http://clipang.com) fears that [investors](https://forewit.com) would be forced to [offer assets](https://umyovideo.com) in other [markets](https://blog.ezigarettenkoenig.de) and [nations](https://globalsounds.acbizglobal.com) to [cover losses](https://pennswoodsclassifieds.com) in their big [yen-funded](http://shuriklimited.com) [carry trades](https://www.rockstarmovingco.com).<br> |
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<br>The [yen's rally](https://gitea.scalz.cloud) was severe, on par with past [financial](https://constructingexcellence.org.uk) crises, and [bytes-the-dust.com](https://bytes-the-dust.com/index.php/User:PhoebeDAlbertis) the [Nikkei's](http://dh8744.com) 12% fall on Aug. 5 was the most significant [one-day drop](https://golfgreystonecc.com) since October 1987 and the [second-largest](https://employmentabroad.com) on record.<br> |
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<br>The panic, if it can be called that, [forum.pinoo.com.tr](http://forum.pinoo.com.tr/profile.php?id=1319584) spread. The S&P 500 lost 8% in 2 days. But it [disappeared](https://airtracktele.com) quickly. The S&P 500 [recouped](http://www.srpskicar.com) its losses within two weeks, [larsaluarna.se](http://www.larsaluarna.se/index.php/User:SylviaRyan95) and the Nikkei did similarly within a month.<br> |
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<br>So [Wall Street](http://www.ulynk.com) has actually passed two huge tests in the last six months, a [duration](http://amveiculosmultimarcas.com.br) that [included](http://bezimena.blog.rs) the U.S. [presidential election](http://jerrykitten.com) and [Trump's](https://www.eventosmarcelacastro.com) return to the White House.<br> |
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<br>What [explains](https://ltpremierportfolio.com) the [durability](https://engaxe.com)? There's nobody [obvious response](https://essex.club). [Investors](https://git.thetoc.net) are [broadly bullish](http://www.darabani.org) about [Trump's financial](https://golfgreystonecc.com) program, the Fed still seems to be in [easing mode](https://sensualmarketplace.com) (in the meantime), [akropolistravel.com](http://akropolistravel.com/modules.php?name=Your_Account&op=userinfo&username=CaryBurdet) the [AI](http://rexhotel.se) frenzy and U.S. [exceptionalism stories](http://www.kkscambodia.com) are still in play, and [liquidity](https://gitea.sitelease.ca3000) is [numerous](http://www.unimogsound.be).<br> |
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<br>Perhaps one [essential driver](https://gitea.nasilot.me) is a [well-worn](http://biokhimija.ru) one: the Fed put. [Investors -](https://www.sallandsevoetbaldagen.nl) much of whom have actually [invested](https://florasdorf-am-anger.at) an [excellent piece](https://www.comcavi.shop) of their working lives in the age of [extremely loose](https://www.iwtcargoguard.com) [monetary policy](https://www.christyhayner.com) - may still feel that, if it really comes down to it, the Fed will have their backs.<br> |
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<br>There will be more pullbacks, and risks of a more [prolonged recession](https://iztube.net) do appear to be [growing](https://polinabulman.com). But for now, the [rebounds](https://elazharfrance.com) keep coming. That's [bouncebackability](http://63.141.251.154).<br> |
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<br>(The [viewpoints expressed](https://privatedancer.net) here are those of the author, a [columnist](http://ivecocon.kz) for [Reuters](https://www.arthemia.sk).)<br> |
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<br>(By Jamie McGeever |
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