They are trading on futures where they thought they had most of the angles figured out.
They tend to have a knee jerk reactions to any sort of change because it throws all their careful calculations out the window.
Usually inside of 24 hours the adjust and make new plans.
precisely.
someone in armenia, or some other completely unrelated, irrelevant corner of the planet says “BOO” and the markets reacts violently.
there is little rhyme or reason for any of it, in the short term, it seems.