The recent market turmoil resembles the First Black Monday of 1987, marking significant drops in indices like the S&P 500 following unforeseen economic shifts, particularly after President Trump's controversial announcements. With the S&P erasing over a year of gains and the VIX indicating heightened volatility, investors are advised to consult financial advisors to reassess their portfolios. This current situation echoes past economic panic, raising concerns over the stability of the US economy and the US dollar amid uncertain tariffs and trade deficits.
The volatility index has spiked 110% over the past five days, signaling investor fear amid significant drops in the S&P 500 following economic announcements.
The First Black Monday in 1987 saw a drastic 22.6% drop in the Dow due to concerns over economic health, a scenario echoing today's market fears.
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