@levingood

Global Financial Markets in Turmoil: Crypto and U.S. Stocks Plunge in "Bloodbath" Within 24 Hours, Tariff Storm Triggers Historic Sell-Off U.S. Stocks Crash to Record Lows, Panic Echoes 2008 Crisis Market Collapse: Following two consecutive days of steep declines last week, U.S. stock futures opened sharply lower on April 7, with Nasdaq futures plunging over 5%, S&P 500 futures down nearly 5%, and Dow futures dropping 3.7%. In just two days, $6.6 trillion in market value evaporated, marking the worst quarterly start since 2008. The Nasdaq has entered a technical bear market (down over 20% from its peak). Recession Alarm: JPMorgan raised the probability of a U.S. recession to 60%, while Goldman Sachs warned of a 35% chance within the next 12 months. Analysts caution that prolonged "reciprocal tariffs" under Trump’s policies could push both the U.S. and Europe into recession.

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