Impact of Trade Wars on S&P 500:
Beginning of Trade War in 2018:
Date: March 2018
Decline: Approximately 18.2%.
Escalation of Trade War in 2019:
Date: May 2019
Decline: Approximately 7.4%.
New Trade War in 2025:
Date: April 3, 2025
Decline: 12% (as of April 7)
Taking the average of the first two, the decline is 12.8%
Estimated S&P 500 bottom should be at 4450
This also counts as achieving a nearly 30% decline