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How a Real Bear Market Will Play Tricks on You

How a Real Bear Market Will Play Tricks on You

Bloomberg10-05-2025

If you think the extraordinary volatility in markets has started to put ordinary investors off the US market, you're wrong.
Retail investors in the US bought $40 billion worth of domestic stocks in April. UK investors were keen, too. According to fund data group Calastone, they bought another £1.5 billion ($2 billion). Odds are they are pretty pleased with their purchases so far: the S&P 500 has almost entirely erased its losses since President Donald Trump's April 2 'reciprocal' tariff rollout, and as Money Distilled author John Stepek and I keep saying, if you hadn't looked at the market since Christmas, you would have no idea anything had happened at all.

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