S&P 500 Could Crash 37% To 3,700 If Tariff Fallout Triggers Recession, Warns Wolfe Research BY Tanya Rawat • April 25, 2025April 25, 2025 The S&P 500 Index tracked by SPDR S&P 500 ETF Trust (NYSE:SPY) could plunge as low as 3,700 points even in a “mild recession” scenario, representing a potential 37% decline from its January le[...] Read more