The U.S. stock market is experiencing a swift reco very, with the S&P 500 index rising by 9% over the last eight trading sessions, marking its stronges t increase since November 2020. The S&P 500 has now returned to levels seen before President Trump announced significant tariffs on April 2, despite ongoing concerns about a prolonge d trade war and potential economic recession. A gentle reminder: the financial markets and the e conomy are two distinct entities, which is why eco nomists are not typically the CEOs of Wall Street.