And you really think “the elites” are the ones buying and selling here?

Yes, they have a lot of wealth in stocks, but usually they simply own a large chunk of their (or their parents) company and the rest is managed by a fund manager. And if you have millions or billions, you don’t need to think quarter to quarter.

One part is a reverse game of chicken, buy the dippest dip to realize most profit from less dippy dip buyers.

The other part is the assumption that this means the tariffs will never actually come or at least in a much relaxed form.

Reality is, they will just rebrand employees.

You’re not a developer anymore, but a customer satisfaction consultant. Same job as before, but technically not a developer!!

Also, this is a great way to reduce headcount while seeming innovative to the market ghouls.