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Something happened behind the scenes during that White House event.
can you elaborate?
Pretty easy to understand, someone bought the dip. Keep pushing down.
This is something very common in stocks. In a bear market it is called a “dead cat bounce”. Most probably it will go back to keep falling in a few days, if not tomorrow, unless the trend changes which would be very surprising to me.
it is called a “dead cat bounce”.
Because everything will bounce if you slam it down hard enough. Not the nicest term though
Look at what happened to the stock on Feb 11, it dropped, came back up for a few days, then dropped again. That could be repeating.