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Investment Weekly

US bounces back - but still less exceptional?
17 October 2025
    Articles

    Chart of the week – US bounces back - but still less exceptional?

    Chart of the week – US bounces back - but still less exceptional?

    Last week’s sell-off in the S&P 500 was the biggest one-day fall in the index since the market volatility unleashed by “Liberation Day” in early April. It was an important reminder to investors that policy uncertainty still has scope to upend markets despite a period of relative calm over the summer. While the latest action highlights the ability of the US stock market to recover quickly after sell-offs, there are still significant risks to the outlook.

    More from this week:

    Market Spotlight

    • A fresh view of asset class risk and rewards

    Lens on…

    • Will the beat go on?
    • Up next: India
    • Gilt complex

    Read the full commentary PDF, 3.30MB 

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