Trump’s market euphoria has fizzled, leaving investors on edge

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Trump’s market euphoria has fizzled, leaving investors on edge
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The Trump Bump is well and truly over

The New York Stock Exchange: The change in mood is evident in stock market sentiment and consumer confidence. Photograph: Spencer Platt/Gettyhas treaded water in 2025, even as the Euro Stoxx 600 and Chinese technology stocks have raced higher.

Usually, investors only get this freaked out when stocks have plunged – not when the S&P 500 is within 3 per cent of all-time highs, as it is today.

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