Does fundamental analysis move the market or does the market move first and fundamentals adjust later?

Fundamentals may explain the market eventually. ut price often moves before the public understands why. The market is forward looking in which traders react to expectation not just current economic data

@Franklin hmmm⠀⠀⠀⠀⠀⠀

Strong fundamentals can remain ignored until market sentiment suddenly shifts. A market moves without clear fundamentals can still continue if enough traders believe in the momentum