Individual investors hold steady, show trust in President Trump; market turmoil recovers slightly.

From CNBC: 2025-04-29 09:56:00

Treasury Secretary Scott Bessent stated that individual investors are holding steady through market turmoil, showing trust in President Trump’s tariff policy. Vanguard reported that 97% of Americans didn’t make a trade in the past 100 days. The S&P 500 plummeted into a bear market due to Trump’s tariff actions but has recovered slightly.

Retail investors took advantage of low stock prices during the market downturn, while hedge funds and traders bet against the market. Institutions fear tariffs will hurt consumers and slow the economy, possibly leading to a recession. Economist Torsten Slok predicts a summer recession as trade-related shortages hit stores next month.

Ken Griffin, CEO of Citadel, warns that Trump’s trade war could damage the reputation of U.S. Treasury debt and the country’s brand. Treasury Secretary Bessent believes individual investors trust Trump’s tariff policy, despite institutional concerns. The S&P 500 fell into a bear market due to Trump’s tariffs but has since rebounded slightly.

Read more: Treasury Secretary says individual investors trust President Trump