Real Vision: Finance & Investing Trump Tariffs Trigger Market Meltdown, JPMorgan Raises Recession Odds: PALvatar Market Recap, April 04 2025
Apr 4, 2025
Global markets are reeling after President Trump's new tariffs sparked the worst day for U.S. equities in years. With China retaliating, fears of a trade war loom large. Meanwhile, JPMorgan raises the recession probability to a staggering 60%. Interestingly, the crypto markets remain unexpectedly stable amidst the chaos. The looming Nonfarm Payrolls and comments from Powell add to the tension. It's a volatile time for traders and investors—stay sharp!
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Market Meltdown
- US equities experienced their worst day since March 2020, with Nasdaq, S&P 500, and other indices showing significant losses.
- This market downturn follows the implementation of new tariffs and retaliatory measures between the US and China.
Trade War and Inflation
- Trump's new tariffs and China's retaliation are escalating trade war concerns.
- This raises concerns about inflation and slower economic growth.
Recession Probability
- JP Morgan increased the US recession probability to 60% amid the trade war uncertainty.
- Investors are watching for non-farm payroll data and Jerome Powell's remarks on monetary policy.