The S&P 500 has plunged into correction territory, shaken by “Trumpeconomics” driven fears - tariffs, austerity, and recession talks are back. Bearish sentiment is at its highest since 2022, with GDP forecasts signaling contraction.
Meanwhile, technicals suggest the market is oversold, with the S&P 500 slipping below its 200-day moving average—an event seen only twice since the bull market began in 2022. Is more downside ahead?
2023 marks BCP’s 60th anniversary. On this special occasion, we would like to convey our sincere thanks to our valued clients and partners whose unwavering trust in our institution has been the lifeblood of our daily commitment.
