This was the headline in the Wall Street Journal about a stock market story written by Hannah Erin Lang:

Here was the chart from that day:

The story also noted: “Few think the administration’s negotiations with trade partners will yield results soon enough to ease the strain.”

What was strange was that this headline on the worst April in 90 years, was written with nine days left in the month!

Sure enough, the tide has shifted in a big way since then. Here is what has happened since April 21:

April 21 38,170

April 29 40,527

All the indexes show pretty much the same 3 to 6% RISE.

We aren’t singling out the WSJ. Many of the other major news outlets ripped into Trump and his tariff agenda and warned of a 1929-style crash. And who knows what comes next with this market turbulence, which we expect to continue. But Treasury Secretary Scott Bessent was absolutely right that the media piled on the stock sell-off story and has been pretty mum on the comeback.

Media bias? You decide.