Major Sell-Offs As Investors Flee The Market

Recession Fears Dominate

JPMorgan raised the recession risk to 40%, up from 30%, citing extreme U.S. policies. Goldman Sachs also increased their 12-month recession probability to 20%, with further increases possible if Trump’s policies persist.

Source: CoinMarketCap

Meanwhile, Morgan Stanley lowered its growth forecast to 1.5% for 2025 and raised inflation expectations. Despite this, White House adviser Kevin Hassett downplayed recession fears, pointing to reasons for optimism.

Tech & Crypto Struggle

Tech stocks and crypto markets suffered major losses. The S&P 500 fell 2.7%, the Nasdaq dropped 4%, and the Dow lost nearly 900 points.

Elsewhere, Tesla tanked 15%, while Nvidia, Apple, Meta, and Alphabet also saw declines. Crypto markets lost 7.5%, with Bitcoin (BTC) falling to $76,784 before recovering slightly to $79,000.