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I've traveled the U.S.A., and everywhere I go, locals believe that their weather is the craziest. When I'm in Virginia they say, "You know what they say about the weather in Virginia, don't you?" And when I'm in Wisconsin, Florida, New York, or another state, they do the same thing: They insert their own state in this question. And then everyone uses the same punch line, "If you don't like the weather, wait five minutes."I don't have the heart to tell them that this joke is told everywhere -- everywhere, that is, except Wall Street. But I think it's just as appropriate there. If 2025 has taught me anything, it's that, "If you don't like stock market conditions, just wait five minutes."After a rough start to April, the S&P 500 suddenly found itself down nearly 20% for the year. Many pundits told investors to brace for more downside, and they had solid reasons for such advice. But as the chart below shows, the stock market came roaring back just weeks later.Continue reading

I've traveled the U.S.A., and everywhere I go, locals believe that their weather is the craziest. When I'm in Virginia they say, "You know what they say about the weather in Virginia, don't you?" And when I'm in Wisconsin, Florida, New York, or another state, they do the same thing: They insert their own state in this question. And then everyone uses the same punch line, "If you don't like the weather, wait five minutes."
I don't have the heart to tell them that this joke is told everywhere -- everywhere, that is, except Wall Street. But I think it's just as appropriate there. If 2025 has taught me anything, it's that, "If you don't like stock market conditions, just wait five minutes."
After a rough start to April, the S&P 500 suddenly found itself down nearly 20% for the year. Many pundits told investors to brace for more downside, and they had solid reasons for such advice. But as the chart below shows, the stock market came roaring back just weeks later.