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By Jamie McGeever

ORLANDO, Florida, Feb 5 (Reuters) - "Bouncebackability."

This Britishism is normally related to cliche-prone soccer supervisors trumpeting their groups' ability to react to defeat. It's unlikely to find its method throughout the pond into the Wall Street crowd's lexicon, but it perfectly sums up the U.S. stock exchange's strength to all the setbacks, shocks and forum.kepri.bawaslu.go.id whatever else that's been thrown at it just recently.

And there have actually been a lot: U.S. President Donald Trump's tariff flip-flops, stretched appraisals, severe concentration in Big Tech and the DeepSeek-led turmoil that recently cast doubt on America's "exceptionalism" in the worldwide AI arms race.

Any among those issues still has the possible to snowball, triggering an avalanche of selling that might press U.S. equities into a correction and even bear-market territory.

But Wall Street has actually become extremely resistant since the 2022 rout, specifically in the last six months.

Just look at the synthetic intelligence-fueled turmoil on Jan. 27, spurred by Chinese startup DeepSeek's revelation that it had developed a big language model that could attain comparable or better outcomes than U.S.-developed LLMs at a fraction of the expense. By lots of procedures, the market relocation was seismic.

Nvidia shares fell 17%, slicing almost $600 billion off the firm's market cap, the greatest one-day loss for users.atw.hu any business ever. The value of the wider U.S. stock market fell by around $1 trillion.

Drilling much deeper, analysts at JPMorgan discovered that the rout in "long momentum" - basically buying stocks that have been performing well just recently, fishtanklive.wiki such as tech and AI shares - was a near "7 sigma" relocation, or 7 times the standard variance. It was the third-largest fall in 40 years for this trading strategy.

But this impressive relocation didn't crash the marketplace. Rotation into other sectors sped up, and around 70% of S&P 500-listed stocks ended the day higher, indicating the wider index fell only 1.45%. And buyers of tech stocks quickly returned.

U.S. equity funds drew in nearly $24 billion of inflows last week, technology fund inflows struck a 16-week high, and momentum funds drew in favorable flows for a fifth-consecutive week, according to EPFR, the fund flows tracking firm.

"Investors saw the DeepSeek-triggered selloff as an opportunity instead of an off-ramp," EPFR director of research Cameron on Monday. "Fund streams ... recommend that numerous of those investors kept faith with their previous assumptions about AI."

PANIC MODE?

Remember "yenmageddon," the yen bring trade volatility of last August? The yen's sudden bounce from a 33-year low against the dollar stimulated fears that financiers would be required to offer assets in other markets and nations to cover losses in their substantial yen-funded bring trades.

The yen's rally was extreme, on par with past monetary crises, and the Nikkei's 12% fall on Aug. 5 was the greatest one-day drop since October 1987 and the second-largest on record.

The panic, if it can be called that, morphomics.science spread. The S&P 500 lost 8% in 2 days. But it disappeared quickly. The S&P 500 recovered its losses within two weeks, and the Nikkei did also within a month.

So Wall Street has passed two big tests in the last 6 months, a duration that included the U.S. governmental election and Trump's return to the White House.

What explains the resilience? There's no one obvious response. Investors are broadly bullish about Trump's financial agenda, the Fed still appears to be in relieving mode (for now), the AI frenzy and U.S. exceptionalism narratives are still in play, galgbtqhistoryproject.org and liquidity is plentiful.

Perhaps one essential motorist is a well-worn one: photorum.eclat-mauve.fr the Fed put. Investors - a lot of whom have invested a great chunk of their working lives in the period of extremely loose financial policy - might still feel that, hb9lc.org if it really boils down to it, the Fed will have their backs.

There will be more pullbacks, and dangers of a more prolonged decline do appear to be growing. But for now, the rebounds keep coming. That's bouncebackability.

(The viewpoints expressed here are those of the author, a writer for Reuters.)

(By Jamie McGeever; Editing by Rod Nickel)