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Never mind tariffs and tantrums, 'the dual equity pain trade' means new highs for stocks

stock :: 2025-06-06 :: source - marketwatch

By Jamie Chisholm

The spat that erupted Thursday between the world’s most powerful man and its richest had investors mainly reaching for the popcorn rather than the sell button.

Yes, Tesla lost nearly $200 billion of market value, but the S&P 500 closed only 0.5% lower. The Wall Street barometer still sits just 3.3% off its record high of February. It has bounced 19.2% off the April low, as concerns about the impact of the Trump administration’s trade war have eased.

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