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Tariff Fatigue
Donald Trump's latest and "greatest" tariffs kicked in Thursday.
By now, who cares? "What differenc
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Your post aligns with an article by Roge Karma in the Atlantic today, here’s a quote explaining the market’s utter disinterest in fundamentals or even news at this point.
“This leaves a final theory, one that has nothing to do with Trump, AI, or the Federal Reserve.
Thirty years ago, almost all of the money in the U.S. mutual-fund market was actively managed. Retirees or pension funds handed over their savings to brokers who invested that money in specific stocks, trying to beat the market on behalf of their clients. But thanks to a series of regulatory changes in the late 2000s and early 2010s, about half of fund assets are now held in “passive funds.” Most retirees hand their savings over to companies such as Vanguard and Fidelity, which automatically invest the money in a predetermined bundle of stocks for much lower fees than active managers would charge. The most common type of passive fund purchases a tiny share of every single stock in an index, such as the S&P 500, proportional to its size.”
gift link: https://www.theatlantic.com/economy/archive/2025/08/stock-market-theories/683780/?gift=YwCmpcxUgNAYD-oV2wySqU6tJbXxIbr7UQUp6tQaWes&utm_source=copy-link&utm_medium=social&utm_campaign=share
Thank you for posting. I have been trying to figure out what the annual total equity buys are for bi-weekly buys for 401-k’s plus contributions to IRA’s.
Hard to get that number (at least for me).
Same. I can’t find the number either, but I suspect it’s absolutely the reason the S&P 500 always bounces right back (along with share buybacks). What I really want to see is a graphic of 401/IRA deposits vs drawdowns over time.
+1
Why should businesses or the markets care? They’re just going pass on the costs to the consumer anyway.
Of course they will despite all the ‘we’ll absorb some’ smoke blowing.