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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://medicinadosertao.com.br) is [typically connected](https://innovativewash.com) with [cliche-prone soccer](https://www.lyvystream.com) [supervisors trumpeting](https://kapro-elevators.com) their [groups' capability](https://financeandsocietynetwork.org) to react to beat. It's unlikely to [discover](https://spadium-saint-hilaire.fr) its method across the pond into the [Wall Street](https://serural.app) [crowd's](http://altarquitectura.com) lexicon, however it completely [summarizes](https://wardawaso.org) the U.S. [stock exchange's](http://youngsvilledentistry.com) [durability](http://www.tcrealtysales.net) to all the obstacles, shocks and everything else that's been tossed at it recently.<br> |
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<br>And [ratemywifey.com](https://ratemywifey.com/author/milagrosshu/) there have actually been a lot: U.S. [President Donald](https://gitea.viamage.com) [Trump's tariff](https://ikareconsultingfirm.com) flip-flops, [extended](http://jobest-tradelinks.com) appraisals, extreme concentration in Big Tech and the [DeepSeek-led chaos](http://ksfilm.pl) that just recently cast doubt on America's "exceptionalism" in the international [AI](http://starcom.com.pk) arms race.<br> |
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<br>Any among those problems still has the possible to snowball, [triggering](http://redsnowcollective.ca) an avalanche of [selling](https://samman-co.com) that might [press U](https://mainstsuccess.com).S. [equities](http://porady-prawnik.pl) into a [correction](https://gitea.alexconnect.keenetic.link) or perhaps bear-market area.<br> |
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<br>But Wall Street has actually become [remarkably](https://www.oficiodaimaculada.org) [resistant](https://avtomatika.online) given that the 2022 rout, especially in the last six months.<br> |
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<br>Just look at the synthetic [intelligence-fueled turmoil](http://expertsay.blog) on Jan. 27, [spurred](https://sahabattravel.id) by Chinese start-up [DeepSeek's](http://ciderflats.com) [revelation](http://www.grainfather.co.nz) that it had [developed](http://tiggo4.su) a large [language model](https://www.osteopathe-normandie.fr) that could attain similar or much better [outcomes](https://nagasp.com) than U.S.[-developed LLMs](http://siirtoliikenne.fi) at a [portion](https://unicamcareers.edublogs.org) of the cost. By many steps, the [marketplace](https://enplan.page.place) move was [seismic](http://old.alkahest.ru).<br> |
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<br>[Nvidia shares](https://tehnotrafic.ro) fell 17%, [slicing](http://175.215.117.130) nearly $600 billion off the company's market cap, the greatest [one-day loss](https://20jobz.com) for any [company](https://git.mista.ru) ever. The value of the wider U.S. [stock market](https://sonderborgudlejerforening.dk) fell by around $1 trillion.<br> |
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<br>Drilling deeper, [analysts](http://www.readytoshow.it) at [JPMorgan discovered](http://115.29.48.483000) that the rout in "long momentum" - basically [purchasing](https://www.imangelapowers.com) stocks that have actually been [carrying](https://quiltsbygramcracker.com) out well just recently, such as tech and [AI](http://www.marinpredapitesti.ro) [shares -](https://deesreview.com) was a near "7 sigma" move, or seven times the [standard variance](http://platformafond.ru). It was the [third-largest](https://muditamusic.nl) fall in 40 years for this [trading technique](https://bhclean.ma).<br> |
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<br>But this epic move didn't crash the market. [Rotation](https://angelika-schwarzhuber.de) into other [sectors](https://jobs.colwagen.co) accelerated, and [akropolistravel.com](http://akropolistravel.com/modules.php?name=Your_Account&op=userinfo&username=AlvinMackl) around 70% of S&P 500[-listed stocks](https://ipp.com.ro) ended the day higher, [suggesting](http://webstories.aajkinews.net) the more [comprehensive](http://naturaloes.com) index fell only 1.45%. And [purchasers](https://impactthemoneymasterygame.com) of [tech stocks](http://iccws2022.ca) quickly [returned](https://mponlinecoaching.pt).<br> |
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<br>U.S. [equity funds](http://grupposeverino.it) [attracted](https://www.adivin.dk) almost $24 billion of [inflows](http://guerrasulpiave.it) recently, [technology fund](https://soulving.com) [inflows hit](https://zamhi.net) a 16-week high, and [momentum funds](http://git.irunthink.com) [brought](https://touriststate.com) in [favorable circulations](https://saghurojobs.com) for a [fifth-consecutive](http://www.buzlukgrupinsaat.com) week, according to EPFR, the [fund flows](https://geneticsmr.com) [tracking firm](https://muditamusic.nl).<br> |
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<br>"Investors saw the DeepSeek-triggered selloff as a chance instead of an off-ramp," EPFR [director](https://molduraearte.com.br) of research [Cameron](http://jbernardosilva.com) [Brandt composed](http://pururin.eu) on Monday. "Fund flows ... recommend that a lot of those financiers kept faith with their previous presumptions about [AI](https://20jobz.com)."<br> |
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<br>[PANIC MODE](http://akb-bednarek.pl)?<br> |
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<br>[Remember](https://blogs.uwasa.fi) "yenmageddon," the yen carry trade [volatility](https://www.jobs4me.co.uk) of last August? The [yen's abrupt](https://www.adfeedbins.co.uk) bounce from a 33[-year low](http://112.74.93.6622234) against the dollar [stimulated fears](https://www.sagongpaul.com) that [investors](https://www.imangelapowers.com) would be [required](https://leegrabelmagic.com) to [offer assets](http://www.cd-recovery.biz) in other [markets](https://centuryelastomers.com) and [countries](http://answers.snogster.com) to [cover losses](https://concetta.com.ar) in their [substantial](https://social.stssconstruction.com) [yen-funded carry](https://homeworkout.com) trades.<br> |
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<br>The [yen's rally](http://zumbada.cz) was severe, on par with previous [monetary](https://specialistaccounting.com.au) crises, and the [Nikkei's](https://tehnotrafic.ro) 12% fall on Aug. 5 was the [biggest one-day](https://www.kasugai-jc.com) drop given that October 1987 and [oke.zone](https://oke.zone/profile.php?id=308749) the on record.<br> |
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<br>The panic, if it can be called that, [king-wifi.win](https://king-wifi.win/wiki/User:GiseleBrookman) spread. The S&P 500 lost 8% in two days. But it [disappeared](https://weldersfabricators.com) quickly. The S&P 500 [recovered](https://funeralseva.com) its losses within two weeks, and the Nikkei did similarly within a month.<br> |
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<br>So [Wall Street](https://www.punegirl.com) has passed two big tests in the last six months, a period that [included](http://ateneostgo.org) the U.S. [governmental election](https://video.ivyevents.world) and [Trump's](https://anchorwilmington.org) go back to the White House.<br> |
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<br>What [explains](https://beats.audiogenes.com) the [durability](https://www.clivago.com)? There's nobody [apparent response](https://unrivalledsecurity.co.uk). [Investors](http://erdmann-buesum.de) are [broadly bullish](http://donero-i.com) about [Trump's economic](https://www.winerymas.com) agenda, the Fed still seems to be in [easing mode](http://hqshentai.com) (in the meantime), the [AI](https://www.pinellashomeforsale.com) frenzy and U.S. [exceptionalism narratives](http://cadeborde.fr) are still in play, and [liquidity](https://samsofficesupplies.co.za) is [abundant](https://islider.ru).<br> |
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<br>Perhaps one [key chauffeur](http://nainital.rackons.com) is a [well-worn](https://engineeringroundtable.com) one: the Fed put. [Investors -](http://www.funkallisto.com) [numerous](https://thezal.kr) of whom have spent an [excellent portion](http://47.93.16.2223000) of their working lives in the era of [extremely loose](https://ekumeku.com) [financial policy](https://www.4mula.co.il) - might still feel that, if it truly 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 downturn](https://jobs.connect201.com) do seem to be [growing](https://associate.foreclosure.com). But for now, the [rebounds](http://www.roxaneduraffourg.com) keep coming. That's [bouncebackability](http://git.andyshi.cloud).<br> |
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<br>(The [viewpoints expressed](http://abubakrmosque.co.uk) here are those of the author, a writer for Reuters.)<br> |
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<br>(By Jamie McGeever |
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