• Supervisor194@lemmy.world
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    18 hours ago

    I believe, like Michael Lewis, that the stock market is nearly 100% price controlled via HFT algorithms and AI, leveraging the dark pools run by the wealthiest banks and hedge funds. If this is correct, then the market will never outright crash again. Therefore, no one, from this point forward, should take have any notion that the stock market will punish Trump (or anybody, really).

    Ultimately, the stock market will fluctuate for dramatic effect, but will continue on a steady upward trend completely decoupled from any particular reality.

    Oh would you look at that, it’s up 353 points today. 🧐

    • socsa@piefed.social
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      19 minutes ago

      It’s also the fact that it gets a constant flow of new capital via retirement accounts. That keeps enormous upward price pressure on things. The total value of all retirement assets in the US alone exceeds 40 trillion dollars.