Published May 2, 2025
Stock markets have now fully recovered the Liberation Day panic while European and Japanese markets hit new highs. Have markets once again fallen into the great recession fakeout? As legendary investor Peter Lynch quipped, “The stock market has called 10 of the past 5 recessions.” The massive fear accompanying the Liberation Day announcement accelerated when President Trump threw shade on Fed Chairman Powell. The one-two punch of uncertainty sent investors running. (more…)