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For Once, Let’s Worry About the Rich

“Chaos isn't a pit. Chaos is a ladder.” — Game of Thrones

Chart of the Day

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Stock losses are putting pressure on the wealthy, whose massive spending has helped prop up the U.S. economy through worries about recession over the past few years. 

The S&P 500 has declined 6.1% this year, while the Nasdaq Composite is down 10%. Even high flying tech behemoths have been humbled this year. Nvidia shares have fallen 17% in 2025, Apple has lost 16%, and Tesla is down 29%. And e...

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