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Trump just said that China is going to buy 200 Boeing planes, and as a result, the stock price immediately plummeted by 4.7%, the market's reaction is a real slap in the face.
This feeling is all too familiar, a classic case of good news turning into bad news upon realization.
Whether it's the US stock market or the crypto world, the old tricks are the same: before the news is announced, traders speculate and position themselves; once the announcement hits, smart money has already taken profits and pulled out.
This wave is a textbook example of narrative bankruptcy; the market simply doesn't buy into these verbal big promises and instead worries about the delivery pressure and uncertainties behind them.
Old hands know that this kind of artificially pumped market is the most虚 (fragile/unstable), and the fundamentals can't support it.
Later, it often turns into retail investors' tears.
What do you all think about catching the bag at these high levels?