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JEAN PIERRE VERSTER: Get ready for a roller-coaster ride

  • 📰 FinancialMail
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The wild swings of US markets have more to do with AI than BigTech, writes JP_Verster.

In 1995, Charlie Munger coined the term"Lollapalooza effect" to describe a confluence of several factors, all influencing in the same direction, causing an extreme outcome. While he used the term in a psychological context, it can be used to describe recent stock price movements in the US as well.

Over the past few trading days, the US has seen both the biggest gain of a stock in a single day , and the biggest loss of a stock in a single day ever . The bulk of these one-day moves happened within minutes of the companies releasing their earnings announcements...

 

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JEAN PIERRE VERSTER: Get ready for a roller-coaster rideThe wild swings of US markets have more to do with AI than BigTech, writes Jean Pierre Verster
Source: FinancialMail - 🏆 20. / 63 Read more »

JEAN PIERRE VERSTER: Get ready for a roller-coaster rideThe wild swings of US markets have more to do with AI than BigTech, writes Jean Pierre Verster
Source: FinancialMail - 🏆 20. / 63 Read more »