{"id":51154,"date":"2025-03-11T08:03:09","date_gmt":"2025-03-11T08:03:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51154"},"modified":"2025-03-11T08:03:09","modified_gmt":"2025-03-11T08:03:09","slug":"crypto-and-tech-stocks-tumble-as-jpmorgan-raises-us-recession-odds-to-40","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51154","title":{"rendered":"Crypto And Tech Stocks Tumble As JPMorgan Raises US Recession Odds to 40%"},"content":{"rendered":"

Financial markets took a sharp downturn on March 10, with crypto and tech stocks seeing significant losses as recession fears intensified. JPMorgan economists raised their US recession probability to 40%, up from 30% at the start of 2025, citing economic policy risks.<\/span><\/p>\n

\u201cWe see a material risk that the U.S. falls into recession this year owing to extreme U.S. policies,\u201d JPMorgan analysts wrote, <\/span>according to The Wall Street Journal<\/span><\/a>. <\/span><\/p>\n

Their assessment <\/span>was echoed<\/span> by Goldman Sachs, which increased its 12-month recession forecast from 15% to 20%, warning that the risk could rise further if the Trump administration maintains its current economic policies despite worsening economic data.<\/span><\/p>\n

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Morgan Stanley Lowers U.S. GDP Forecast to 1.5% for 2025, Warns of Rising <\/span>Inflation<\/span><\/h2>\n

Adding to the concerns, Morgan Stanley revised its economic growth outlook downward, forecasting U.S. GDP growth of just 1.5% in 2025, declining <\/span>further<\/span> to 1.2% in 2026. The firm also raised its inflation expectations, signaling prolonged financial uncertainty.<\/span><\/p>\n

Despite these warnings, the Trump administration has downplayed concerns. Kevin Hassett, the National Economic Council head, insisted that the U.S. economy remains strong. <\/span><\/p>\n

Speaking to CNBC on March 10, Hassett acknowledged short-term economic \u201cblips\u201d but argued there were still plenty of reasons to be optimistic.<\/span><\/p>\n

In a March 9 Fox News interview, President Donald Trump described the economic slowdown as a \u201cperiod of transition<\/span>\u201d,<\/span> dismissing concerns of a full-blown recession.<\/span><\/p>\n

Investor sentiment has turned sharply negative <\/span>in recent weeks<\/span>, with what <\/span>was once called<\/span> the \u201cTrump bump\u201d now <\/span>fully<\/span> erased. The S&P 500 has fallen below its pre-election levels, losing nearly 10% from last month\u2019s peak. The Nasdaq is already in correction territory, <\/span>having dropped<\/span> 14% in just three weeks.<\/span><\/p>\n

https:\/\/twitter.com\/Polymarket\/status\/1899154423764418622<\/a><\/p>\n

On March 10, all major U.S. stock indices closed in the red. The S&P 500 dropped 2.7%, hitting its lowest level since September. The tech-heavy Nasdaq plunged 4%, marking its worst single-day decline since 2022, while the Dow Jones Industrial Average fell nearly 900 points (2.1%).<\/span><\/p>\n

The Magnificent 7\u2014America\u2019s top tech firms\u2014lost a staggering $750 billion <\/span>in<\/span> market value in a single day. Tesla was the <\/span>hardest<\/span> hit, tanking 15%, making it the worst-performing stock in the S&P 500 this year. Nvidia fell 5.1%, Apple dropped 4.9%, Meta lost 4.4%, and Alphabet slid 4.5%.<\/span><\/p>\n

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Crypto Markets Plunge Amid Economic Uncertainty<\/span><\/h2>\n

The crypto market also experienced a steep decline, reaching its lowest point since early November. On March 11, total crypto market capitalization dropped by 7.5% to $2.6 trillion, with $240 billion exiting the space.<\/span><\/p>\n

Bitcoin (BTC) fell through key support levels, dropping 4% on the day and briefly touching $76,784 before recovering to $79,000 at the time of writing.<\/span><\/p>\n

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\n

Key Takeaways<\/h3>\n

JPMorgan raised the U.S. recession probability to 40%, while Morgan Stanley lowered GDP growth forecasts and warned of rising inflation.<\/span> <\/p>\n

U.S. stock markets plunged on March 10, with the S&P 500, Nasdaq, and Dow Jones suffering steep losses, erasing the \u201cTrump bump.\u201d<\/span> <\/p>\n

Crypto markets tumbled alongside equities, with Bitcoin briefly falling below $77,000 and the total market cap dropping by $240 billion.<\/span> <\/p><\/div>\n

The post Crypto And Tech Stocks Tumble As JPMorgan Raises US Recession Odds to 40%<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Financial markets took a sharp downturn on March 10, with crypto and tech stocks seeing significant losses as recession fears intensified. JPMorgan economists raised their US recession probability to 40%, up from 30% at the start of 2025, citing economic policy risks. \u201cWe see a material risk that the U.S. falls into recession this year […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51154","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51154"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51154"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51154\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}