Are all the victims of media spin.

I can give his speech on the economy, the state of covid and infrastructure. He finishes the speech by stating that the administration doesn't follow the stock market is an indicator of a healthy economy(and it's not).

CNN: It's great the president took time amid all that's going on to reassure the country about covid and the economy.

FOX: The stock market is plummeting. Biden is a liar.

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SW-User

Both news organizations are a problem, feeding people disinformation.

The market always reacts to whatever the huge news is. At the moment, the Delta Variant is spreading fast, we've have many natural disasters around the world this past week, and in general, the news isn't good. With that, confidence erodes with people who are nervous and easily panicked.

Some people might view the sell off as a nice opportunity to buy back in.