$JPMorgan Chase(JPM)$ $Bank of America(BAC)$ 🚨💥📉 𝙏𝙝𝙚 𝙇𝙞𝙗𝙚𝙧𝙖𝙩𝙞𝙤𝙣 𝘿𝙖𝙮 𝘾𝙧𝙖𝙨𝙝 📉🚨

The Day Wall Street Lost $2.7 Trillion, and Washington Called It “Booming”

The markets didn’t just stumble, they absolutely haemorrhaged!

On 3Apr25 🇺🇸 (4Apr25 🇳🇿), the S&P 500 recorded the second-largest daily point loss in its history, plunging 4.84% and wiping out a staggering $2.7 trillion in market value. Only Black Monday in 1987 delivered a harder blow. The sea of red was not a warning, it was a reckoning.

Donald Trump’s re-election tariffs detonated a financial device felt across every sector. His response?

“It’s going very well,”

“The market is going to boom.”

The reality was far from booming. The Dow Jones collapsed 1,679 points, logging its fifth-largest daily point loss ever. Volatility surged 42%, capital dried up, and institutions scrambled to reprice risk across every asset class.

💣 This is how you short an entire financial ecosystem with a single policy decision.

📊 Sector Breakdown, Financials:

   •   $C: down 12.14%

   •   $BAC: down 11.06%

   •   $WFC: down 9.12%

   •   $JPM: down 6.97%

   •   $GS: down 9.51%

   •   $MS: down 9.45%

JP Morgan, which had just downgraded peers citing tariff pressures, was itself not spared. When the macro tide turns, no bank is too big to bleed.

🧠 Analyst Reactions:

   •   JPMorgan downgraded emerging market FX to “underweight”, calling the tariffs more extreme than their worst-case scenario.

   •   Deutsche Bank forecasted a 1% to 1.5% GDP contraction, citing policy risk now outweighing monetary conditions.

   •   Barclays now sees a high probability of a U.S. recession within the calendar year.

This wasn’t rotation, it was systemic repricing. A shift in global capital logic. Market psychology has flipped from bullish conviction to protectionist panic.

📉 Historic Context:

   •   19Oct87: Black Monday, 20.47% loss

   •   28Oct29: Great Depression collapse, 12.34% loss

   •   03Apr25: Liberation Day Crash, 4.84% drop and $2.7 trillion in market cap evaporated

The last time U.S. tariffs triggered this level of systemic stress was 1930, under the infamous Smoot, Hawley Tariff Act, now cited by historians as a catalyst for global depression.

📊 Tech Was No Safe Haven:

   •   $NVDA: -7.81%

   •   $AAPL: -9.25%

   •   $AMZN: -8.98%

   •   $META: -8.96%

   •   $AVGO: -10.51%

   •   $TSLA: -5.47%

📌 Fun Fact:

This marks the largest single-day loss in equity value since the March 2020 lockdown crashes. The difference? That was a virus. This was entirely man-made.

Hey Tiger Traders, if 1987 gave us Black Monday, and 1929 ushered in the Great Crash, what will this be called in the history books? The Red Reckoning? The Tariff Tantrum? Or will it be remembered as the Great Repricing?

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Happy trading ahead. Cheers, BC 📈🚀🍀🍀🍀