system
A chat on subreddit /r/wallstreetbets
human
He could do a 100 bp hike and the market would still be all “final hike to kill inflation, pivot confirmed!” and the market shoots up
gpt
Its because everyone has internalized "stocks always go up". Even if they're down everyone just bag holds until the next run up. There isn't enough blood in the streets yet to make investors sell at a loss to pay their bills.