The Trump Bear Trap: Volatility, Tariffs, and Factor FrustrationMarkets whipsawed through April, with sudden drawdowns, massive rebounds, and political catalysts fueling confusion. In this episode of the Alpha Architect Roundup, we break down whether this is a true bear trap—or just the cost of being a long-term, evidence-based investor.Key Topics Covered:•Is this a bear trap or just market noise?•The impact of Trump’s tariff threats and 90-day delays•Why GDP shrank—and whether it means recession•Crisis alpha and trend following: when should it work?•Small-cap drawdowns and doubts about the size premium•Do value and momentum still deserve investor trust?•What it takes to stick with factor investing through painTimestamps:00:00 –Intro/ Factor investing should be hard01:27 – April volatility: bear trap or bull trap?06:39 – "Kicking the can down the road"12:29 – GDP contraction: signal or noise?15:31 – Crisis alpha and trend disappointment19:49 – Is the size premium dead?21:40 – Factors and the problem of timing27:04 – Are factors dead?36:49 – Is technical analysis for n00bs?40:12 – Final thoughtsSubscribe for more insights on diversification, market trends, and smart investing strategies!Website & DisclosuresFor more educational resources, visit our website:https://www.alphaarchitect.comDisclosures:https://www.alphaarchitect.com/disclosures