π•Šπ•₯π• π•”π•œ π•žπ•’π•£π•œπ•–π•₯ 𝕗𝕒𝕔𝕖𝕀 𝕨𝕠𝕣𝕀π•₯ 𝕀π•₯𝕒𝕣π•₯ π•₯𝕠 𝕒 π•‘π•£π•–π•€π•šπ••π•–π•Ÿπ•₯π•šπ•’π• π•₯π•–π•£π•ž π•šπ•Ÿ π•žπ• π••π•–π•£π•Ÿ π•™π•šπ•€π•₯𝕠𝕣π•ͺ

US President Donald Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history.

If the stock market closes in bear territory – a drop of 20% from a recent peak – it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957.

These same tariffs may also take a booming economy and turn it into a recession.

Goldman Sachs is the latest Wall Street bank to warn that US President Donald Trump’s trade war could crash the US economy into a damaging recession.

As financial markets plunged, Goldman Sachs economists delivered a report to clients titled β€œCountdown to Recession” that slashed their 2025 GDP forecast to 0.5% and raised their 12-month recession probability from 35% to 45%.

The investment bank cited the β€œsharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty that is likely to depress capital spending by more than we had previously assumed.”

π”»π•šπ•€π•”π•π• π•€π•– 𝕋𝕍
π”»π•šπ•€π•”π•π• π•€π•– 𝕋𝕍

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