Video: Macro Minute: 2025 is another year where '10 best days' came into play.  Ex-10 best days, S&P 500 is -12%, which explains why investors have been bearish all year

Video: Investors have been bearish for 75% of the weeks in 2025, based upon AAII.  We believe this reflects the fact that many investors sold at the tariff lows and missed out on many of the 10 best days.  By the way, many of the 10 best days happen in the final weeks of the year.

Please click here to view our Macro Minute (duration: 4:17).

Video: Macro Minute: 2025 is another year where '10 best days' came into play.  Ex-10 best days, S&P 500 is -12%, which explains why investors have been bearish all year

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