A record $155bn from individual investors has flowed into Wall Street equities this year, even as markets stumbled
Wealth managers face tough decisions as Donald Trump’s unpredictability rattles the markets
S&P 500 has outstripped rival global indices in the second quarter as tariff turmoil fades
Wall Street’s S&P 500 ended the session up 0.5%
For the first time in two summers I’m uncomfortable with a zero weighting
Transatlantic gap in stock performance this year is particularly wide in smaller stocks
An AI darling faces its dusky interregnum
Donald Trump’s trade war and rapidly mounting government debt have shaken confidence in American assets
And Trump is no Truss
Lack of exits for deals struck by managers in frothy times is straining the business model of the asset class
Buying the best companies regardless of their country of origin might be the right policy
Any trade agreement with China will not settle questions over the ongoing supremacy of US capital markets
Fund managers were positioning for a US economic downturn before America and China forged a trade pact
Big Tech put a gloss on earnings season, but things don’t look great below the surface
Tesla has flouted some of directors’ most sacred tenets, and shareholders who vote have mostly approved
S&P 500 has lost more than 7% since inauguration day in weakest start to a presidency since 1970s
Investors are yet to fully factor in tariffs and hits to AI and US exceptionalism
Investors fear Trump’s tariff blitz will lead to US stagflation while weak dollar adds to woes
Some insiders unloaded stock before Trump’s ‘liberation day’ announcement but many more were restricted from doing so
Swiss lender’s market capitalisation has been hit harder by US tariffs than Spanish rival
There can be a large lag between the economy weakening and confirmation of an R-word event catching up
Mayhem threatens to erode the appeal of US investments — which could, perversely, help Trump get what he wants.
Investors shift focus from fiscal stimulus to prospect of recession as indices give up gains
Risky assets are cheaper — but not cheap enough
Should you ‘buy the dip’ or cut and run? Risk indicators are still flashing red
