Good afternoon.
Markets are tumbling, recession fears are rising, and the S&P 500 just had its worst day of 2025.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
Stocks tumbled on Monday as fears of a U.S. recession grow.
The S&P 500 fell 2.7%, its worst day of 2025:
President Trump over the weekend refused to rule out the U.S. entering a recession this year.
Bitcoin dropped below $80k as investors shifted away from risk assets.
Catch Up
The Nasdaq fell 4% today, its worst day since 2022.
President Trump says the U.S. economy will see "a period of transition."
Tesla stock is down 55% from its December peak.
What Else?
Quote
"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time."
— Charlie Munger
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