How nervous are investors about the stock market?

"The market has done surprisingly well so far this year ... driven by an improvement in corporate profits and the enthusiasm surrounding AI," says Sam Stovall, chief investment strategist at CFRA Research.

Zooming out, the major indexes have still posted gains since the start of the year, with the S&P 500 up roughly 13%. That's smaller than 2024 but still solid.

But in many ways the market swings so far - down roughly 3% at the steepest - are not unusual.

Over the last month, US shares, which had been climbing since their tariff-induced rout in

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