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Markets in Turmoil: S&P 500 Crash, Global Recession Fears & Fed Rate Cut Bets After US Tariffs
The last 24 hours have been truly historic for markets, as the impact of the US reciprocal tariffs cascaded across different asset classes, with no sign of letting up overnight. We’ll dive into more depth shortly, but just to run through some of the moves, yesterday saw the S&P 500 fall -4.84%, marking its biggest daily decline since June 2020, with futures down another -0.74% this morning.
