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Trump, this old fart, always speaks unpredictably. Whether the US and Iran will fight or not is uncertain. The Federal Reserve cuts interest rates as bait, the market leverages up to gamble, and all news is amplified into extreme roller coasters. Right now, it's purely a news-driven game; fundamentals are useless.
From the high of 126k last December down to 60k, it was all driven by Trump and the US-Iran situation. Now it's bouncing back and forth between 68,000 and 71k, talking about a four-year cycle of bull and bear markets. That's too predictable—so much so that when it's a bull market, everything is good news; when it's a bear, everything is bad news. The rises and falls are like a pre-written script—it's really all a conspiracy by capitalists.