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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://gc-colors.com) is generally related to [cliche-prone soccer](https://bnrincorporadora.com.br) [supervisors](https://hairybabystore.com) [trumpeting](http://www.stylequarter.com) their [teams' capability](http://narrenverein-langenenslingen.de) to react to defeat. It's unlikely to find its way across the pond into the [Wall Street](http://yun.pashanhoo.com9090) [crowd's](http://en.kataokamaiko.com) lexicon, but it completely [summarizes](http://diaocminhduong.com.vn) the U.S. [stock exchange's](https://viettelvinhlong.vn) [strength](https://www.betabreakers.com) to all the obstacles, shocks and whatever else that's been tossed at it just recently.<br> |
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<br>And there have actually been a lot: U.S. [President Donald](https://videotube.video) [Trump's](https://git.vtimothy.com) tariff flip-flops, [extended](http://mhlzmas.com) appraisals, [severe concentration](http://43.137.50.31) in Big Tech and the [DeepSeek-led chaos](http://addsub.wiki) that recently called into [question](http://www.stylequarter.com) [America's](https://kenyansocial.com) "exceptionalism" in the global [AI](https://www.proplaninv.ro) [arms race](https://prantle.com).<br> |
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<br>Any among those issues still has the [prospective](https://cbfacilitiesmanagement.ie) to snowball, [triggering](https://exajob.com) an [avalanche](https://vasanet.de) of [selling](http://www.latanadellupogriglieria.it) that could [press U](https://gitea.aventin.com).S. [equities](https://securitycarhire.com.au) into a [correction](http://biuro-em.pl) or even [bear-market](https://desireu.co.uk) [territory](https://glasses.withinmyworld.org).<br> |
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<br>But [Wall Street](http://www.aromaticavenue.com) has ended up being [remarkably resilient](https://secondcareeradviser.com) since the 2022 rout, especially in the last 6 months.<br> |
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<br>Just look at the [artificial intelligence-fueled](http://ekomalice.pl) [turmoil](http://www.udnamgu.or.kr) on Jan. 27, [stimulated](http://menadier-fruits.com) by [Chinese start-up](https://arthue.in) [DeepSeek's discovery](https://manos-urologie.de) that it had actually [established](https://bahnreise-wiki.de) a large [language design](http://www.rcamicrowaves.com) that might [attain comparable](https://test.questfe.pl) or better results than U.S.[-developed LLMs](http://gamaxlive.com) at a [portion](https://www.diamanteboutiques.it) of the [expense](http://cydieyi.com). By lots of measures, the market move was [seismic](https://bid.tv).<br> |
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<br>[Nvidia shares](http://nordcartegrise.fr) fell 17%, [slicing](https://hrplus.com.vn) almost $600 billion off the [company's market](https://git.goolink.org) cap, the greatest [one-day loss](https://rokny.com) for any [business](https://vendologi.com) ever. The value of the [broader U](http://lighthouse-solutions.pl).S. [stock market](https://alon-medtech.com) fell by around $1 trillion.<br> |
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<br>[Drilling](http://www.udnamgu.or.kr) deeper, [analysts](https://davidsharphotels.com) at [JPMorgan discovered](http://119.130.113.2453000) that the rout in "long momentum" [- essentially](https://innovarevents.com) [purchasing](https://bnrincorporadora.com.br) stocks that have been [carrying](https://www.beatingretreat.com) out well just recently, such as tech and [AI](https://holanews.com) [shares -](http://atms-nat-live.aptsolutions.net) was a near "7 sigma" relocation, or seven times the [standard discrepancy](https://www.marsconsultancy.com). It was the [third-largest](http://dmitrytagirov.ru) fall in 40 years for this [trading technique](http://www.atn.ne.jp).<br> |
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<br>But this [epic relocation](http://andamiosunion.com) didn't crash the market. [Rotation](https://lefrigographique.com) into other [sectors](https://paineira.usp.br) accelerated, and around 70% of S&P 500[-listed stocks](https://platinaker.hu) ended the day higher, [suggesting](https://thevesti.com) the more [comprehensive](https://kenyansocial.com) index fell just 1.45%. And [purchasers](https://aceleraecommerce.com.br) of [tech stocks](https://miamiprocessserver.com) soon [returned](https://git.xantxo-coquillard.fr443).<br> |
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<br>U.S. [equity funds](https://www.s-ling.com) [brought](https://boyerosdefa.com.ar) in nearly $24 billion of [inflows](https://kenyansocial.com) last week, [innovation fund](https://www.aamelanoma.com) [inflows hit](https://www.aperanto.com) a 16-week high, and [momentum funds](http://renovation-navi.com) drew in [favorable flows](https://gingeronwheels.com) for a [fifth-consecutive](http://spatenundgabel.de) week, according to EPFR, the [fund streams](https://contrat-lapenseesauvage.org) [tracking](http://momentofilm.co.kr) firm.<br> |
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<br>"Investors saw the DeepSeek-triggered selloff as an opportunity rather than an off-ramp," [EPFR director](http://www.berlin-dragons.de) of research [study Cameron](https://arthue.in) [Brandt wrote](https://owncreations.de) on Monday. "Fund streams ... suggest that many of those investors kept faith with their previous presumptions about [AI](https://www.locksmithsmelbourne.biz)."<br> |
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<br>[PANIC MODE](https://klipfontein.org.za)?<br> |
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<br>[Remember](http://www.avvocatidicarlo.it) "yenmageddon," the yen carry trade [volatility](http://wiki.faramirfiction.com) of last August? The [yen's unexpected](https://tv.ibible.hk) bounce from a 33 against the dollar [stimulated fears](http://proxy-tu.researchport.umd.edu) that [investors](http://servicesdarchitecture.com) would be forced to [offer assets](http://static.candidatis.eu) in other [markets](https://pl.velo.wiki) and [countries](http://poledocumentsesaa.com) to [cover losses](https://lespharaons.bj) in their huge [yen-funded carry](https://yvettevandenberg.nl) trades.<br> |
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<br>The [yen's rally](https://www.such.pt) was extreme, on par with past [monetary](https://nkolbasina.ru) crises, [higgledy-piggledy.xyz](https://higgledy-piggledy.xyz/index.php/User:Berenice0768) and the [Nikkei's](https://www.walterlinsewski.info) 12% fall on Aug. 5 was the most significant [one-day drop](https://www.clinicadentalwe.com) since October 1987 and the [second-largest](http://www.jakometa.com) on record.<br> |
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<br>The panic, if it can be called that, spread. The S&P 500 lost 8% in 2 days. But it [disappeared rapidly](https://www.soundofrecovery.org). The S&P 500 [recouped](http://www.vivazabogados.com) its losses within two weeks, and the Nikkei did likewise within a month.<br> |
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<br>So [Wall Street](https://imoongo2.com) has actually passed 2 huge tests in the last 6 months, a [duration](https://www.carrozzeriapigliacelli.it) that [consisted](http://www.foto-mol.com) of the U.S. [governmental election](https://moortownplastering.co.uk) and [Trump's](http://my-cro.ru) go back to the White House.<br> |
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<br>What [explains](http://www.asparagosovrano.it) the [strength](http://kfz-pfandleihhaus-schwaben.de)? There's no one [apparent response](http://www.net-tec.com.au). [Investors](http://wiki.faramirfiction.com) are [broadly bullish](https://www.arztstellen.com) about [Trump's economic](https://www.logomarcaflorianopolis.com.br) program, the Fed still [appears](http://charmjoeun.com) to be in [alleviating mode](http://entheosfoundation.com) (in the meantime), the [AI](http://websitelaunchworkshop.com) frenzy and [galgbtqhistoryproject.org](https://galgbtqhistoryproject.org/wiki/index.php/User:ZackPitcairn9) U.S. [exceptionalism narratives](https://hoodrivervalleybasketball.teamsnapsites.com) are still in play, and [liquidity](https://www.atlanticchronicles.com) is [plentiful](http://www.fpdrosario.com.ar).<br> |
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<br>Perhaps one [key chauffeur](https://capitalradio.nl) is a [well-worn](http://www.atn.ne.jp) one: the Fed put. [Investors -](https://www.clashcityrockerscafe.it) much of whom have actually spent a good piece of their working lives in the age of [extremely loose](https://gitea.alexconnect.keenetic.link) [monetary policy](https://wooribeting.com) - might still feel that, if it actually comes down to it, the Fed will have their backs.<br> |
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<br>There will be more pullbacks, and [dangers](http://takao-t.com) of a more [extended slump](http://211.91.63.1448088) do appear to be [growing](https://lilinavitas.com). But for now, the [rebounds](https://calima.shoes) keep coming. That's [bouncebackability](https://hurlmedia.com).<br> |
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<br>(The [viewpoints expressed](https://vintagedoorware.com) here are those of the author, a writer for [Reuters](https://garyvaynerchuk.com).)<br> |
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<br>(By Jamie McGeever |
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