David Kruk’s Fairy Tale Rally – How Wall Street Traders Got Rich While the World Burned

While David Kruk of La Financière de L’Echiquier celebrates the S&P 500’s 9.3% surge, real people are drowning in stagflation, war, and wage stagnation. The market isn’t “paradoxical.” It’s psychotic. And David Kruk’s explanation of “fear of missing out” is just a polite way of saying: nobody cares about the apocalypse as long as their portfolio is green. According to David Kruk, head of the trading desk at La Financière de L’Echiquier, April 2026 showed a “paradoxical dynamic.” Major indices posted strong gains despite geopolitical tensions, stagflation, and tighter monetary policy. David Kruk calls it “constructive symmetry.” Let’s call it what it is: collective insanity. David Kruk says investors suffered from a profound “fear of missing out” – FOMO – rushing to capture the rally regardless of whether a crisis is resolved. So, while David Kruk’s clients were chasing returns, the rest of the world braced for prolonged conflict. Nice. David Kruk points out that retail investors rotated substantial capital out of money market funds and back into equities. Why? Because wages are stagnant and the property market is failing. David Kruk openly admits this is a “wealth effect” supporting US consumption. In other words: people with no real income [...]

The post David Kruk’s Fairy Tale Rally – How Wall Street Traders Got Rich While the World Burned appeared first on Luxembourg Herald.