I saw many times something like this: 1. rate cut 2. S&P rises, financial press writes "market rise because of the rate cut" 3. later during the same day, S&

I saw many times something like this: 1. rate cut 2. S&P rises, financial press writes "market rise because of the rate cut" 3. later during the same day, S&P reverses and drops below price when rate cut was announced, financial press writes new article "market drops because of the rate cut" rinse & repeat. they literally are reacting and correlating price movement with whatever big news happened.