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Source document· April 3, 2026

The Stock Market's "Trump Slump" Likely Isn't Over -- and There's a Big Reason Why

View original at nasdaq.com
The Stock Market's "Trump Slump" Likely Isn't Over -- and There's a Big Reason Why Key Points Although the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite soared during Donald Trump's first, non-consecutive term, they've all struggled mightily in recent weeks…
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  • Stock Advisor's total average return is 914% - a market-crushing outperformance compared to 184% for the S&P 500

    60% confidence
  • The average S&P 500 bull market has lasted approximately 3.5 times longer than the typical S&P 500 bear market, dating back to the start of the Great Depression in September 1929: 1,011 calendar days vs. 286 calendar days

    60% confidence
  • Every game-changing technology since the mid-1990s has endured an early innings bubble-bursting event, and it's unlikely that AI is the exception to this unwritten rule

    60% confidence
  • The five previous times in which the Shiller P/E exceeded 30 during a continuous bull market were eventually followed by declines of at least 20% in one or more of Wall Street's major stock indexes

    60% confidence
  • The trailing 12-month inflation rate is projected to jump from a reported 2.4% in February to 3.16% in March

    60% confidence
  • The Fed's preferred measure of inflation (Core PCE) moved up to 3.1% in January, the highest level in 22 months. That was the 59th consecutive reading above the Fed's 2% target level. There will be no Fed rate cut next week and one could make a strong case for a rate hike.

    60% confidence
  • Regardless of whether the Iran war ends quickly or drags out, the inflationary effects will be felt for several quarters to come

    60% confidence
  • Approximately 20% of the world's liquid petroleum needs pass through the Strait of Hormuz daily

    60% confidence
  • All 107 rolling 20-year periods of S&P 500 total returns from 1900-2025 generated a positive annualized total return

    60% confidence
  • There's a glaring reason to believe that the ongoing 'Trump slump' in equities isn't over

    60% confidence
  • S&P 500 Shiller PE Ratio hits 2nd highest level in history. The highest was the Dot Com Bubble

    60% confidence
What we know · the intelligence behind this page
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What we're seeing
AI Leadership Exodus Rattles Investor Confidence Amid Capex Boom
High-profile departures at top AI labs — Brad Lightcap's exit from OpenAI and an unnamed researcher's departure from Alphabet/Google that triggered a share-price drop — are surfacing talent retention as a market risk factor even as hyperscalers pour record capital into AI infrastructure. The reaction shows investors treating key-person risk at frontier AI labs as material to valuation, a new fragility layered onto an otherwise bullish AI-driven capex cycle.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Broadcom Inc.
Both facts report EPS for Broadcom Inc. for the same fiscal period (Q1 2026) observed on the same date (2026-02-01). However, they report conflicting values: 1.5 USD per share vs 2.05 USD per share. This is a 37% difference for the identical metric and time period, not a value change over time.
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