Wall Street’s Risk Takers Are Staging a Retreat
This article is for subscribers only.
The shortest month is ending with long faces among those investors who had hoped 2025 would reward risk-taking.
As fear replaces greed across trading desks, the S&P 500 is now down for the year. On the flip side, Treasuries have extended their best start to a year since 2020. Animal spirits are also in retreat in crypto, and stocks in Asia and Europe had rocky days.