Think you’ve missed the stock-market rally since ‘liberation day’? Think again.
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A big, fast rally can look pretty scary to investors. New research says there may be reasons for optimism.
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2 min read
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investment
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July 9, 2025
01:59 AM
MarketWatch
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Advanced ➔ Results Brett Arends's ROIOpinion: Think you’ve missed the stock-market rally since ‘liberation day’
A big, fast rally can look pretty scary to investors
New re says there may be reasons for optimism
Last d: July 8, 2025 at 9:59 p
ETFirst Published: July 8, 2025 at 3:43 p
ETResizeListen(4 min)Skeptical in stocks at the moment
Photo: Getty Images/iStockIt was supposedly the legendary Fidelity fund manager Peter Lynch who once joked that the average investor had lost more money sitting on the sidelines, waiting for the next “crash,” than they were ever ly to lose in an actual crash
Large-cap stocks have risen by an average of 10% a year since the 1920s — triple the average annual return for cash deposits and Treasury bills, and twice the average annual returns for U
Treasury bonds — he may have been onto something
The Author Brett ArendsBrett Arends is an award-winning financial writer with many years experience writing, economics and personal finance
He has received an individual award from the Society of American Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others
He has worked as an analyst at McKinsey Co. , and is a Chartered Financial Consultant
His book, "Storm of Your Money", was published by John Wiley Co
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