Fundamental price adjustment?I’ll admit, I’ve moved to only day trading once the S&P lost it’s daily uptrend a couple months ago. I like to be all cash by the end of the day in this bearish environment. So my point is, I’m not completely up to speed on the fundamentals these days.
Is it maybe the news today provided clearer information on asset value, hence the pop today which would fall under “fundamental price adjustment”? Meaning, previous to today the market was not sure of asset values, but with today’s news there’s now more clarity, so the share price adjusts accordingly?