Shutthiphong Chandaeng
The S&P 500 (SPX) suffered one of its worst weeks in years. All of the damage it absorbed is contained within just two days: Thursday, 3 April 2025 and Friday, 4 April 2025.
Up until these days, the
S&P 500 Plunges As Global Tariff War Begins
Summary
- As a market capitalization-weighted index, the negative changes in the biggest stocks, did the most to drive the overall index lower.
- We think the S&P 500 still has potentially another 5-7% to fall.
- The question we have going forward is whether the major market-moving events of this past week represent a short term noise event or an additional change in market regime.
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