What's the flavor of the market? Like...is it up and down all the time, but goes nowhere in a year? Or is it just...up, like it's 1997 all over again? Or is it only tech stocks that are doing well, and everything else is meh?
Those elements comprise market dynamics. Are IPOs hot? Cold? Are a bunch of mergers happening? Is the U.S. doing well while every other country sucketh? More market dynamics. What about bonds? Are they continuing their 30+ year bull run, or are rates going up again and the U.S. Dollar is getting defended overseas? What market are we even talking about? Equities? Global Currencies?
Dynamic. Changing all the time. Like the actor(s) playing Batman.