https://www.investopedia.com/articles/trading/06/retracements.asp
Its not that its insignificant, its just the extrapolation you make is imo usually considered very unlikely. Per above there's more technical definitions of market downturn.
I think the context here re the 25bp cut is also material, although frankly, I only glanced at markets today
Honestly thought you were joking or trying to talk it down baselessly
Look at recent MSB article... pretty much starts off saying how its jumped in a sea of otherwise red screens on the day
https://www.investopedia.com/articles/trading/06/retracements.asp...
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