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Global stocks tumbled while gold prices reached new highs and U.S. government bonds climbed. President Trump is set to announce the detailed tariff plans on Wednesday, adding to previously imposed tariffs on aluminum, steel, autos, and Chinese goods.<\/p>\n
In response to growing tariff uncertainties, Goldman Sachs has raised its U.S. recession probability to 35% from 20% and cut its year-end S&P 500 target to 5,700. The investment bank also forecasts additional interest rate cuts by the Federal Reserve as economic headwinds intensify.<\/p>\n
Mark Luschini, chief investment strategist at Janney Montgomery Scott, noted that \u201cmany industries have begun to feel the impact of the tariffs that have been announced and are making assumptions about what\u2019s likely to follow.\u201d<\/p>\n
While most sectors showed weakness, defensive segments demonstrated resilience. Consumer staples surged (+0.99%), energy advanced (+0.78%), and utilities edged higher (+0.21%), providing some counterbalance to the broader market decline.<\/p>\n
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[ad_1] Global stocks tumbled while gold prices reached new highs and U.S. government bonds climbed. President Trump is set to announce the detailed tariff plans on Wednesday, adding to previously imposed tariffs on aluminum, steel, autos, and Chinese goods. Recession Risk Spikes to 35% In response to growing tariff uncertainties, Goldman Sachs has raised its U.S. recession probability to 35% from 20% and cut its year-end S&P 500 target to 5,700. The investment bank also forecasts additional interest rate cuts by the Federal Reserve as economic headwinds intensify. Mark Luschini, chief investment strategist at Janney Montgomery Scott, noted that \u201cmany industries have begun to feel the impact of the tariffs that have been announced and are making assumptions about what\u2019s likely to follow.\u201d Sector Spotlight: Defensive Plays Show Strength While most sectors showed weakness, defensive segments demonstrated resilience. Consumer staples surged (+0.99%), energy advanced (+0.78%), and utilities edged higher (+0.21%), providing some counterbalance to the broader market decline. Tech Titans Under Pressure [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":40983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-40982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t