As our chart of the week shows, the S&P 500 (^GSPC) has seen a larger drawdown than the 18.9% peak-to-trough drop in the index this year during each recession since 1973.

(Reuters) -Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal Reserve, as President Donald Trump's tariffs roil the global ...

Stocks Have Worst Day Since 2020 as Trump’s Tariffs Raise Risk of Recession Economic fears lift bonds as tariffs prove worse than expected.

Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal Reserve, as President Donald Trump's tariffs roil the global economy and ...

The July report included a surprise unemployment-rate increase and a sizable nonfarm-payroll miss that renewed recession worries and sparked a sharp stock sell-off.

If Trump's tariffs send the US economy into recession, Wall Street strategists feel the stock market rout may not be over.