The Trump administration has re-implemented tariffs, leading to a sharp change in financial market sentiment. European stock markets fell in parallel, with Germany's DAX index dropping by more than 3%, crude oil prices plummeting by 6.6% in a single day, and the U.S. dollar index recording its largest intraday drop since 2005. The market volatility index (#VIX ) surged by 40% and surpassed the 30 mark, while the net leverage ratio among hedge funds fell to its lowest level in three years. Additionally, cryptocurrencies joined the global decline. On April 7, BTC briefly fell below $75,000 during the day, a drop of 30% from its peak of $108,000, while #ETH $ETH experienced a significant decline, dropping more than 15% at one point, falling below $1,420, reaching a level not seen since October 2023.

In nearly 50 years, the U.S. stock market has experienced multiple bear markets, each leaving a profound impact on the economy and its investors. Analyzing the history of U.S. stock bear markets over the past half-century offers valuable insights into the harsh realities of the market and provides lessons for the future.