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By Jamie McGeever

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

This is typically related to cliche-prone soccer managers trumpeting their teams' capability to react to beat. It's unlikely to find its way throughout the pond into the Wall Street crowd's lexicon, but it perfectly summarizes the U.S. stock exchange's resilience to all the obstacles, shocks and everything else that's been thrown at it recently.

And there have actually 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 among those concerns still has the potential to snowball, causing an avalanche of offering that could push U.S. equities into a correction or even bear-market area.

But Wall Street has become remarkably durable because the 2022 thrashing, especially in the last 6 months.

Just look at the artificial intelligence-fueled turmoil on Jan. 27, stimulated by Chinese startup DeepSeek's discovery that it had actually developed a large language design that could attain comparable or much better outcomes than U.S.-developed LLMs at a portion of the cost. By many steps, the marketplace relocation was seismic.

Nvidia shares fell 17%, slicing almost $600 billion off the firm's market cap, the biggest one-day loss for any business ever. The worth of the larger U.S. stock exchange fell by around $1 trillion.

Drilling much deeper, analysts at JPMorgan discovered that the rout in "long momentum" - essentially buying stocks that have been performing 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 epic relocation didn't crash the marketplace. Rotation into other sectors accelerated, and around 70% of S&P 500-listed stocks ended the day higher, suggesting the wider index fell just 1.45%. And buyers of tech stocks quickly returned.

U.S. equity funds attracted nearly $24 billion of inflows last week, innovation fund inflows struck a 16-week high, and momentum funds drew in favorable flows for a fifth-consecutive week, according to EPFR, 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 wrote on Monday. "Fund streams ... recommend that a number of those investors kept faith with their previous presumptions about AI."

PANIC MODE?

Remember "yenmageddon," the yen bring trade volatility of last August? The yen's abrupt bounce from a 33-year low against the dollar sparked fears that investors would be required to offer assets in other markets and countries to cover losses in their huge yen-funded carry trades.

The yen's rally was severe, on par with previous financial crises, and the Nikkei's 12% fall on Aug. 5 was the greatest 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 2 days. But it vanished quickly. The S&P 500 recouped its losses within 2 weeks, and the Nikkei did also within a month.

So Wall Street has passed 2 big tests in the last 6 months, a period that included the U.S. governmental election and Trump's go back to the White House.

What explains the resilience? There's no one apparent response. Investors are broadly bullish about Trump's financial agenda, the Fed still seems to be in easing mode (in the meantime), the AI frenzy and U.S. exceptionalism stories are still in play, and liquidity is numerous.

Perhaps one crucial chauffeur is a well-worn one: the Fed put. Investors - much of whom have invested an excellent chunk of their working lives in the era of extremely loose monetary policy - may still feel that, if it really boils down to it, the Fed will have their backs.

There will be more pullbacks, macphersonwiki.mywikis.wiki and risks of a more extended slump do appear to be growing. But for sincansaglik.com now, wavedream.wiki the rebounds keep coming. That's bouncebackability.

(The opinions revealed here are those of the author, a columnist for Reuters.)

(By Jamie McGeever; Editing by Rod Nickel)