Overview

• The S&P 500 fell an additional 3% on Friday, compounding losses from its largest one-day drop since 2020, erasing $9 trillion in market value this week.
• Retail investors made historic stock purchases on Thursday, totaling $4.7 billion, with Nvidia and Amazon among the most favored stocks.
• Despite their 'buy-the-dip' strategy, retail portfolios are down 12.9% year-to-date, significantly outpacing the S&P 500's 8.3% decline.
• President Trump's announcement of reciprocal tariffs has fueled fears of a trade war, inflation, and slower economic growth, driving market instability.
• Analysts have downgraded market projections, with RBC Capital Markets lowering its S&P 500 target for 2025 from 6,200 to 5,550, citing a stagflationary environment.