There is no stopping a market believing what it wants to believe. Tariffs, Trade Wars, Credit Cockroaches, BTC delusions, this market has it all, yet everyone is still dancing. Best thing to do might be to “Catflap” – walking away without saying anything to anyone.

There are times when you have to laugh at the nonsense of it all. From a delusional, fantastical market to a blithering, blathering President, what’s not to like about these summer markets…? Er, how about how some great look back earnings hide the coming reality?

Trump has been the dominant influence on markets thus far in 2025. That won’t last forever as inevitable Trump fatigue will set in, and the consequences of his actions become clear. That’s likely to expose a very different mood – and one that may trigger a correction to reflect the new realities.

Bitcoin breaking $100k was a judder moment in a market already awash with signs and portents suggesting irrational exuberance has gone too far, and a correction is coming. Meanwhile… the UK govt declares war on Porridge.

Are current markets turning into a bad dream? There are so many reasons to be fearful, but giving into our terrors shows how driven by bias we are. A Hornet in the Bedroom Moment can make everything look bad. The reality is… probably not as bad as it looks!