Smart Money Loses to Retail Crowd That Bet on Epic Stock Rebound
President Donald Trump's tariffs announcement on April 2 devastated financial assets, wiping out some $6 trillion in market value from US stocks in just two trading days. Wall Street's 'smart money' — hedge funds and other professional investors — dumped equities, and strategists urged clients to flee.
But the so-called dumb money, embodied by retail traders, didn't see things that way. To them, the stock market was suddenly on sale, meaning it was time to buy, not hide. And it turns out they were right, as Trump reversed himself a week later and paused most of his levies on April 9, sending the S&P 500 Index soaring 18% since then.
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Yahoo
18 minutes ago
- Yahoo
S&P 500 Gains & Losses Today: J.M. Smucker Stock Sinks, Tesla Shares Recover
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Forbes
19 minutes ago
- Forbes
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Los Angeles Times
21 minutes ago
- Los Angeles Times
US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear
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