The Thrill May Be Gone For Retail Gamblers

Is the thrill gone again for retail investors? Maybe. And to the extent everyday market participants (as distinct from professionals, who, like economists paid to be wrong about the macro, extract enormous sums from clients in exchange for habitually underperforming low-cost index funds) are less enthusiastic about equities, they won't be blamed. After all, last month was somewhat vexing. A confluence of factors engendered turmoil in bonds, and that, in turn, undercut stocks. It worked out in