Recent Depression Stocks
One reason for the recent depression in the stock market is because of the threat of the United States beginning a trade war with other super powered nations such as china. 2.7 percent of U.S. consumption is created in china, so if the United states were to begin to negotiate a better deal and it didn't go well the U.S. would lose 2.7% of production which would be a major hit in terms of an economical impact. With the S&P 500 closing down more than 2.2 percent, the broad market index posted its worst start to April since 1929, according to S&P Global. However, the fear of a trade was has receded because both china and the U.S. realized the war would slow the GDP of both countries.