One interesting anecdote emerging about markets lately is just the sheer exhaustion of the news, constantly hitting.

Every day, there’s something new.

What’s rather interesting is that this not a typical panic, crash, sudden bear market that may make you think of 2009 or 2001 or even the first few months of Covid. Instead, this is just a never ending barrage of media headlines relating to politics and trade and melting price action downard.

It never ends. We are 30+ days into this.

It’s quite exhausting, all things considered.

Equally interesting is that there still has not been a “circuit breaker” during regular hours despite how fast the move down has been. It’s been a swift move down, in perfect fashion. Down. Whoosh! But no epic circuit breaker or sudden capitulation.

Is there something bigger going on?

Is this a controlled selling environment? A strategic liquidation of leverage and panic sellers?

“Don’t be a panican”

I know, I know.

But truly… the Fed has yet to even step in.

So much to think about.