“The path down Mount Stupid is long and bumpy”
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Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 5,525.21 ⬇️ -6%
FTSE 100: 8,415.25 ⬆️ 1.9%
Bitcoin: $94,010.69 ⬆️ 0.6%
GBP to USD: $1.3313 ⬆️ 6.35%
GBP to EUR: €1.1669 ⬇️ -3.5%
(As of Friday market close.)
The descent from Mount Stupid
You may have noticed some good news in the markets over the last week. A lot of companies reported earnings for the first quarter and racked up good performances. In particular Google, American Airlines, Southwest, and Hasbro all reported strong numbers. The markets responded as a result and most stock indexes went up all week.
Yes, the S&P 500 is still down 6% year to date — but that’s not as bad as it was on April 8, six days after President Trump announced his “Liberation Day” tariff plan, when the market was down nearly 20% from its high in February. The FTSE 100, by some miracle, is actually up 1.88%, year to date.