Mars Finance News, on April 3rd, after global stock markets plummeted from Japan to Europe, the US stock market joined the crash, with the S&P 500 index re-entering the correction zone, wiping out nearly $2 trillion in market value and set to record its largest (single-day) drop since September 2022.
Fitch warned that tariffs are a "game-changer" for the global economy, while Deutsche Bank stated this is a "once-in-a-lifetime" moment that could easily reduce the US economic growth rate by 1% to 1.5% this year.
Doug Ramsey, Chief Investment Officer of Leuthold Group, said he would not claim that a recession is inevitable, but the deeper the pullback, the higher the likelihood of a recession. The current market decline is the first stage of a new bear market, rather than just a correction. (Jinshi)