speculative market; speculators' market
A financial market term referring to a market driven by speculators rather than fundamental investors. Often used in stock or commodity contexts.
This week's stock market is showing signs of a speculative market.
Compound of 仕手 (して, 'speculator') and 相場 (そうば, 'market price'). The exact historical derivation is uncertain, but the term is conventionally associated with speculative trading.