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By Jamie McGeever

ORLANDO, wiki.rrtn.org Florida, Feb 5 (Reuters) - "Bouncebackability."

This Britishism is generally associated with cliche-prone soccer supervisors trumpeting their groups' ability to react to beat. It's not likely to discover its way throughout the pond into the Wall Street crowd's lexicon, however it perfectly sums up the U.S. stock exchange's to all the obstacles, shocks and whatever else that's been tossed at it just recently.

And there have been a lot: U.S. President Donald Trump's tariff flip-flops, extended appraisals, severe concentration in Big Tech and the DeepSeek-led chaos that recently called into question America's "exceptionalism" in the global AI arms race.

Any one of those concerns still has the possible to snowball, causing an avalanche of selling that might push U.S. equities into a correction or perhaps bear-market area.

But Wall Street has ended up being remarkably durable considering that the 2022 rout, especially in the last six months.

Just look at the artificial intelligence-fueled chaos on Jan. 27, spurred by Chinese start-up DeepSeek's discovery that it had actually developed a large language design that might attain comparable or better outcomes than U.S.-developed LLMs at a fraction of the cost. By numerous procedures, the market move was seismic.

Nvidia shares fell 17%, slicing nearly $600 billion off the company's market cap, the greatest one-day loss for any company ever. The value of the larger U.S. stock exchange fell by around $1 trillion.

Drilling much deeper, experts at JPMorgan discovered that the rout in "long momentum" - basically buying stocks that have actually been carrying out well just recently, such as tech and AI shares - was a near "7 sigma" move, or seven times the basic discrepancy. It was the third-largest fall in 40 years for this trading strategy.

But this impressive move didn't crash the marketplace. Rotation into other sectors sped up, and around 70% of S&P 500-listed stocks ended the day higher, suggesting the broader index fell only 1.45%. And purchasers of tech stocks quickly returned.

U.S. equity funds attracted nearly $24 billion of inflows recently, innovation fund inflows hit a 16-week high, and momentum funds attracted favorable circulations for a fifth-consecutive week, according to EPFR, gratisafhalen.be the fund streams tracking company.

"Investors saw the DeepSeek-triggered selloff as an opportunity rather than an off-ramp," EPFR director of research study Cameron Brandt composed on Monday. "Fund streams ... recommend that many of those investors kept faith with their previous assumptions about AI."

PANIC MODE?

Remember "yenmageddon," the yen carry trade volatility of last August? The yen's abrupt bounce from a 33-year low against the dollar stimulated worries that investors would be required to sell possessions in other markets and nations to cover losses in their big yen-funded bring trades.

The yen's rally was extreme, on par with previous monetary crises, and the Nikkei's 12% fall on Aug. 5 was the most significant one-day drop considering that October 1987 and the second-largest on record.

The panic, if it can be called that, spread. The S&P 500 lost 8% in two days. But it vanished quickly. The S&P 500 recovered its losses within two weeks, and the Nikkei did likewise within a month.

So Wall Street has passed 2 big tests in the last six months, a period that consisted of the U.S. presidential election and Trump's go back to the White House.

What explains the resilience? There's nobody obvious response. Investors are broadly bullish about Trump's financial agenda, the Fed still seems to be in reducing mode (in the meantime), pipewiki.org the AI craze and U.S. exceptionalism narratives are still in play, and liquidity abounds.

Perhaps one key motorist is a well-worn one: the Fed put. Investors - a lot of whom have invested a great piece of their working lives in the period of extraordinarily loose monetary policy - may still feel that, if it truly boils down to it, the Fed will have their backs.

There will be more pullbacks, and threats of a more extended slump do seem to be growing. But for now, the rebounds keep coming. That's bouncebackability.

(The viewpoints expressed here are those of the author, a columnist for Reuters.)

(By Jamie McGeever; Editing by Rod Nickel)