I get tired of hearing all the lame reasons for the market doing this or that. You can pretty much guarantee that today they’ll say either “fears of inflation spooked investors” or “nervous about further rate hikes”. The media doesn’t have a clue. Their blindness to the realities of the market are extremely annoying. You never know what the market is going to do as a whole on a daily basis. And for them to summarize each days activities with stupid remarks is just dumb.
In today’s global market, there are so many separate effects on the market at any given time. There’s never one single reason that can explain why the market took a dive on one particular day.