From CNBC,
Stocks post back-to-back gains as traders remain optimistic for U.S.-Iran deal.
CNBC reports,
The S&P 500 gained 1.18% and closed at 6,967.38. The broad market index now stands less than 1% below its 52-week high.
To be clear, the 52-week high is also the all-time record. After today’s gain, the index is up almost two percent for 2026, year-to-date.
Stocks go up. Stocks go down. There will be another big drop, some day, sooner or later.
I bring this up because of the negativity bias (and anti-Trump bias) inherent in the media. The stock market drops? Big news. Stock market gains? Yawn. This has been true for decades.
What may be a newer phenomenon are the panicans. Otherwise intelligent and conservative accounts that I follow were saying stuff like, “your grandchildren will never retire,” when the market dropped two percent, in a week.
I was there for the crash of 1987, when the market dropped 23 percent…in a single day.
The dotcom bust, the MBS crisis of 2008, and on and on and on. I may sound like the Jeremy Irons character in Margin Call (2011), but everything he said was true.
