After experiencing significant losses throughout the week due to the trade war turmoil sparked by Trump, retail traders were surprised by the sudden turnaround in the stock market. The pause in the trade war led to a massive rally in stocks, which left many retail traders feeling a mixture of disbelief and amusement.
The market's sudden surge on Wednesday was a welcome relief after days of steep declines, with major indexes recording their best performance in years. This unexpected shift generated a flurry of reactions and discussions among retail traders online.
Retail investors were taken aback by the drastic change that propelled US stocks to their best day in years. Social media platforms were flooded with memes and comments reflecting a range of emotions from joy to frustration.
Some traders expressed disappointment over the losses they incurred due to options trading, while others celebrated their gains. The Wall Street Bets subreddit was particularly active, showcasing screenshots of profits and encouraging the strategy of buying during market dips. Retail investors had been actively buying into the market sell-off, injecting billions into the S&P 500 towards the end of the previous week.