They have just done a full turnaround. But speaking of "the markets" is a bit problematic at the moment since the mag7 now constitute a third of the SP500 market cap and they have been affected little by tariffs. Instead the great AI story keeps chugging along pretty nicely while the rest of the market - the SP493 - goes basically nowhere.

There are also dark pools which we don’t see.

“U.S. Estimates show that it accounted for approximately 40% of all U.S. stock trades in 2017 compared with roughly 16% in 2010.”

https://www.investopedia.com/articles/markets/050614/introdu...

losses recovered, indexes near record highs again. No one seems to care. Multinationals making record profits still. This does not change the propensity of consumers to keep spending, or of large companies to keep generating cash. People may complain about high prices but will not modify their spending habits much.

vibe economy doesn't operate on facts

Have they? Major indexes are down a few tenths of a percent as of 10am EST...