The highly volatile second quarter started with steep losses for U.S. stocks and ended with markets near all-time highs. Traders—especially stock traders—rejoice.
Investors have learned this earnings season that last quarter’s whiplash led to outsized gains for trading desks up and down Wall Street.
Some of that was expected. When markets go haywire—as they did when President Donald Trump in early April announced tariffs that threaten to remake global trade relations—clients typically rush to capitalize on big swings while trying to minimize risks to their portfolios.
