Goldman Sachs sees stocks dropping to this level if a recession strikes

Stocks have teetered at the edge of a bear market since Trump revealed sweeping tariffs on April 2.

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• The trade war has caused recession fears to spike and stocks to tumble.
• The S&P 500 would drop about 7% from current levels in a full recession, Goldman Sachs estimates.
• "Historical comparisons show that recessions are usually associated with larger equity drawdowns than we have seen."

The stock market has teetered...