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It's not cherry picking to use recent data to dispute a claim about recent events. YTD might not be the best choice but its better than 1Y. 1M or Feb 20th-now g
by enragedcacti 2y ago
It's not cherry picking to use recent data to dispute a claim about recent events. YTD might not be the best choice but its better than 1Y. 1M or Feb 20th-now give similar though not as quite as extreme differences (∨7-8% SPY vs ∨20-23% NVDA).
- YetAnotherNick 2y agoFeb 3 to current is -8% for Nvidia and -10% for Nasdaq. Arbitrary point will give arbitrary results. Also Amazon which is least associated with gen AI in big tech is down 20% at that time.
- enragedcacti 2y agoThey aren't arbitrary. I picked the dates I did because they coincide with the widespread narrative of selloffs from tariffs and they are decent bounds on a period of stability for both. Amazon is especially vulnerable to tariffs. To be clear, I'm not really staking out a hard position on gen AI being the one true cause here, I just don't find "it's just part of the overall tariff driven market decline" to be very convincing.