Has The Stock Market Bottomed Out Yet Or Will Tariff Threat Keep It In The Red?

U.S. stocks posted their biggest one-day loss since 2020 on Thursday following President Trump’s announcement of reciprocal tariffs on 180 countries. The S&P dropped 4.8% in Thursday trading while the Dow Jones Industrial Average fell 3.98% and the Nasdaq plummeted nearly 6%.

“Investors were shocked by the extent of the tariffs, and particularly looking at individual countries that were hit with tariffs well in excess of 20-30%,” explained Andrzej Skiba, Head of BlueBay U.S. Fixed Income at RBC Global Asset Management, in a ForbesTV interview Thursday. “That really played with investor imagination. We’re seeing a pretty sharp response in the markets today as many ponder whether this is a big enough hit to the U.S. economy, to the U.S. consumer to start talking about recessionary risk ahead.”

To hear Skiba’s full investment thesis and economic outlook—and whether he and his team at RBC think the U.S. could fall into a recession—click through here or watch the video above.