What's going on in here? Should we be buying the dip or are these goint to shit forever? Is there a reason behind this? Are we gonna experince a crash soon?
What the hell is happenning with the market today?
byu/MeasurementUpbeat447 inwallstreetbets
Posted by MeasurementUpbeat447
48 Comments
It’s been going up a lot over the last year.
Stocks go both directions.
It’s called a correction
more sellers than buyers
I’ll buy puts to save the market for you guys.
> most stocks are green for a week
“Why is the market red today?!?”
Beleive it or not, markets do in fact go down sometimes
For those that missed Trump running his mouth and causing market volatility
Orange Man wants to extort Taiwan
Yes. After more than 100 years going up today is the day the market ends. From this day onwards it’s going to be red day after red day until the market goes back to zero in 1 month.
No one has given an actual answer. There’s two factors, one broad and kinda agnostic, the other more specific:
1) Broad market force: Monthly options expiry is on Friday. This basically always leads to an increase in volatility, especially on stocks with lots of open options (this has been big tech lately). Volatility in a bill market means we’re at higher risk of a drop than recent weeks. This should stabilize over the weekend
2) More specific market force: semiconductors are having a ROUGH day after already being shaky. Trump said last night that Taiwan is on their own against China, which is bad for TSM and their pipeline. Then ASML had really weak guidance on their earnings call this morning, which is a bad omen for semis as a whole. THEN it leaked that Dark Brandon is mulling greater taxes on tech sales to China, which is bearish for everyone
So basically we’re in a period of higher volatility, which means the bad semiconductor news (which drives tech, which drives the whole market) is having an even greater impact than it normally would
Rotation underway. Defensive stocks seems to be holding up well.
Remember how terrible semi stocks were performing back a few years ago bc of taiwan? And no one here wanted to touch NVDA with a 10 foot pole?
I bought calls
You guys didn’t load up on puts?
Pfft, amateurs.
It’s a sale… Go buy some shit now instead of when it’s green next week goofy
I picked up SOXL , I have plenty of cash in case it drops more
Today, chip stocks fell significantly due to a combination of market reactions to former President Donald Trump’s statements and recent disappointing earnings reports from key semiconductor companies. Trump mentioned the potential for implementing a high 60% tariff on Chinese goods if he were re-elected, raising concerns about escalating trade tensions with China. This prospect of new tariffs led to investor fears about increased inflation and higher interest rates, which could negatively impact tech and semiconductor sectors ([markets.businessinsider.com](https://markets.businessinsider.com/news/stocks/donald-trump-second-term-president-stock-market-implications-inflation-rates-2024-2)) ([Investopedia](https://www.investopedia.com/dow-jones-today-04172024-8634713)).
Additionally, ASML Holding, a major player in the semiconductor industry, missed its sales estimates for the first quarter, which further dampened investor confidence. This earnings miss caused a ripple effect, leading to significant drops in other semiconductor stocks such as Lam Research, Applied Materials, Advanced Micro Devices, and Nvidia ([Investopedia](https://www.investopedia.com/dow-jones-today-04172024-8634713)).
These combined factors led to a substantial sell-off in chip stocks, reflecting the market’s sensitivity to both geopolitical developments and corporate performance within the tech sector ([InvestorPlace](https://investorplace.com/2024/06/why-is-trump-media-djt-stock-down-11-today/)).
China (say it in Trumps voice).
Buy Phillip Morris and get that Zyn money. I don’t smoke but I saw a meme about Osama Zyn Laden and it got me hooked.
Trump spoked the market
I bought, finally. That’s what’s up.
Macro and micro economics
Trump obviously
Other cyclus, from here sideways i see no bounce today wait for a nice price to step in or do it now
nothing. why do you ask?
It’s cause I bought a chuck last week… Sorry everyone!
Lol
Just Trump trolling Wall Street
📈 emoji time
i bought yesterday, sorry guys
Momo taking a hit. Hedge your factor exposure accordingly
Buy calls for Aug. You’ll be glad
If you want a real, technical answer, head over to:
r/TradingEdge/
VIX expiry is today, MOPEX is Friday, fund managers are re-assessing and readjusting for August.
On top of that, ASML gave weak guidance and Trump made some anti-Taiwan remarks, killing semi’s.
Most importantly, SPY was 15% above it’s 200SMA, which is extraordinarily rare, so the market is just looking for any reason to dump.
It never shits forever. Market meant to go up long term. Stop being scared
Politicians running their mouths
Oh no who turned easy mode off
opened my account during lunch, puked all over the ground, and then decided to button up and make the smart decision of buying the stocks while they are down instead of pussyselling and watching them soar in two weeks
Lmao posts like this show we were overdue for a dip
They’ll be back to pushing ATH probably tomorrow or next week.
It skyrocketed in a few days and no one expected a correction?
1 bad day and you’re freaking out?
You’re right, crash by end of week… buy all the puts for Friday.
Nothing special, the big players are just reaping the profit out of the average Joes after the big rally last few days. This time the major media used Trump and Biden remarks on semiconductors as the excuse.
The algorithm is reading the news and it a dumpster fire
First time?
Lol the market pumps all year and people lose their shit when profts are taken.
Both president and former president talked some shit on semis
Who else bought 563c for tomorrow?
What goes up quickly, often times rebalances quickly. Tremors create more tremors. Sometimes a small earthquake. Stay invested and don’t try to time it out unless you have a crystal ball.