Overview

• The S&P 500 has officially entered correction territory, falling 10% from its February highs, driven by fears of slowing economic growth and policy uncertainty.
• Consumer confidence has hit its lowest level since November 2022, with political factors and economic concerns contributing to the decline.
• President Trump's economic policies, including tariffs and federal job cuts, have fueled uncertainty, with potential impacts on inflation and growth being closely monitored.
• Despite the sell-off, many analysts remain cautiously optimistic, with some predicting a recovery if a recession is avoided and earnings remain stable.
• The Federal Reserve is expected to hold interest rates steady this week, with investors closely watching for signals on future rate cuts and economic projections.