U.S. stocks join the plunge, analysts say this is the first stage of a new bear market

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MarsBit
04-03
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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)

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