The April volatility in the stock market should be viewed not as a crisis, but as a course correction. Last month, Democrats on Capitol Hill and experts on financial-news shows said that President Donald Trump’s tariffs would usher in a worst-ever bear market for U.

In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report.