How has the market managed to hold its ground near record highs against a jarring breakdown in the bull market’s bell cow Nvidia, a jumpy bond market, some uninspiring results from Apple and Microsoft and on-and-off-and-on tariff threats against the Americas’ largest trading partners?
By relying on the two most powerful forces blowing through Wall Street: the tenacious bid for stocks among retail investors and an immaculate rotation among sectors that insulates the tape against more violent moves.
Whether Friday’s sharp intraday wobble on some tariff headlines was a sign that these salutary factors are losing their hold on the market is just one crucial question awaiting investors in February.
Source: https://www.cnbc.com/2025/02/01/the-two-powerful-forces-that-have-kept-this-bull-market-from-breaking-down.html