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Markets' Historic Bleeding

Hi Global Recap readers,
RIP to everyone’s portfolio today—this wasn’t just a bad day; it was a brutal one. And if you still think the stock market is just a casino for thrill-seekers, think again.
It took months of slow, steady grinding for the indices to claw their way back to all-time highs—then, in just a few brutal days, the selloff wiped it all out. Retirement funds, savings, 401(k)s—gone in a blink. Real financial pain for real people.
🤔 What’s interesting, though, is what’s happening online. Even some hardcore Trump loyalists are starting to question their stance. The market hit’s making it personal.
Is the reaction rational?
🇺🇸 UNITED STATES
Historic Stock Market Wipeout

The US stock market just experienced its largest two-day loss in history, with $11 trillion wiped out since President Trump’s second inauguration. 😯
"Liberation Day" Tariffs?
Things went off the rails Wednesday after the market closed, when Trump dropped a bombshell—massive new tariffs he's calling the “Liberation Day” levies.
Remember when I said a drop of more than 1 percent isn’t normal for the indexes? Yeah, well, the NASDAQ 100 just tanked over 6 percent today.

$6.6 trillion vanished in just two trading days (Thursday and Friday).
The selloff went into overdrive after China hit back, slapping an extra 34 percent tariff on all US imports. The tariffs will be imposed starting April 10.
Here’s Trump’s response:
Financial markets are urging the administration to rethink or scale back these tariffs, fearing long-term damage.
💭 Observation: On X, even die-hard Trump supporters with serious money in the market are ripping into him. Meanwhile, the people mocking them say they’re immune to the chaos—because they never had the cash to play the market game to begin with. 🥲
Recession Fears
Not even good news could stop the bleeding. The March jobs report beat expectations, but it still wasn’t enough to settle investors’ nerves.
Experts warn these tariffs could hit the tech sector particularly hard.
Potential fallout includes pushing the US economy into a recession and ending the record-setting bull market.
Trade-war escalation fears continue to mount, with concerns that the US will “double down” rather than back off.
Trump’s Response
When asked about the market’s sharp plunge following his “Liberation Day” tariffs, President Trump shrugged it off and said:
I think it’s going very well.
Across the Board
The numbers are grim—far worse than previous early-term losses under other presidents.
The Dow Jones has dropped 11.9% since January 17, just before Trump’s inauguration.
The S&P 500 has fallen 15.4%, surpassing early-term losses during George W. Bush's presidency.
The Nasdaq, once reaching an all-time high of 20,056.25 in February, has now plunged more than 22%, officially entering bear-market territory.
The Russell 2000 index, focused on smaller companies, has fared even worse, plummeting over 25% since November.

🇮🇳 INDIA
Muslim Property Law Passed

Bharatiya Janata Party (BJP) workers and members of the Muslim community gathered near Parliament House in Delhi on April 2, holding placards to show their support for the Waqf Bill.
India’s Parliament has passed a controversial bill amending the law governing Muslim-owned properties.
What’s the Bill?
The bill focuses on Waqf properties—land or real estate donated for religious or charitable purposes under Islamic law. These properties are managed by regional Waqf boards.
The new amendments give the federal government more control over these properties.
Non-Muslims can now hold key positions in Waqf boards, a move that’s been heavily criticized.
Boards must present legitimate paperwork during surveys to maintain control, or risk losing the property to the government.
Opposition and Controversy
The bill has faced harsh backlash from opposition parties and some allied members.
Critics, including Indian National Congress President Mallikarjun Kharge, have called it “unconstitutional.”
The bill allows the government to reclaim state-owned land previously allocated as Waqf.
Sweeping powers over registration and audits have also been granted to the federal government.
Modi’s Take
Prime Minister Narendra Modi defended the bill, calling it a step toward modernization and social justice.
He posted on social media, “We will now enter an era where the framework will be more modern and sensitive to social justice.”
What’s Next?
The bill still needs the President’s signature to become law. Until then, the debates—and the controversies—are far from over.

🇺🇦 UKRAINE
Russian Armored Vehicle Explodes

A Russian Tigr armored vehicle carrying pro-Russian Chechen troops, known as Kadyrovites, was destroyed in occupied Melitopol, Ukraine, marking another significant blow to Russian forces in the region.
What Happened?
On April 3, a Tigr armored vehicle exploded on the outskirts of Melitopol, a city in the Zaporizhzhia region under Russian occupation. The vehicle was carrying members of the Akhmat Vostok unit, a pro-Russian Chechen paramilitary group.
The explosion occurred in a strategically important area, highlighting ongoing resistance efforts in occupied territories.
Ukraine’s Defense Intelligence (DIU) confirmed the incident and reported significant losses for the Russian side.
Casualties and Damage
The explosion caused a fire and resulted in multiple casualties among the Kadyrovites.
At least five members of the Akhmat Vostok unit were killed in the incident.
The destruction of the vehicle underscores the vulnerabilities of Russian forces in the region.
Broader Context
This incident is part of a series of resistance efforts targeting Russian forces in occupied territories.
Melitopol has been a hotspot for sabotage and attacks against Russian military assets.
Ukraine continues to employ strategic measures to weaken the occupying forces’ grip on the region.
The DIU emphasized that every war crime committed against the Ukrainian people will face justice.

🇺🇦 UKRAINE
Russia’s Ceasefire Stalling Tactics

Russia’s supposed interest in a Ukraine ceasefire is under scrutiny, with Western leaders accusing Vladimir Putin of dragging his feet while the war rages on.
Ceasefire Drama
The US and NATO allies are pressing Russia for a ceasefire, but Putin’s actions suggest otherwise.
A Russian drone attack on Kharkiv killed five civilians and injured 32 others.
Britain and France are demanding Moscow’s response after weeks of stalled negotiations.
US Secretary of State Marco Rubio says Russia’s intentions will be clear “very soon.”
Russia’s Military Moves
While talks stall, Russia is ramping up its military efforts.
Russian forces now number over 600,000 troops on the front line.
The Kremlin plans a fresh offensive as spring weather allows heavy equipment to move.
Russia is producing 250,000 artillery shells monthly, building a stockpile three times larger than the US and Europe combined.
Western Unity
NATO allies are standing firm in their support for Ukraine.
France has pledged over $6 billion in military aid since the invasion began.
Britain and France are leading efforts to form a “coalition of the willing” to enforce any future peace deal.
Ukraine accepted ceasefire terms weeks ago, but Russia has yet to respond.
What’s Next?
With Russia’s military momentum and diplomatic stalling, the path to peace remains uncertain.
Western leaders are skeptical of Russia’s sincerity in negotiations. Now, I think even President Trump is even skeptical of Putin’s intentions.
Ukrainian officials warn of a looming Russian offensive to strengthen its position.
NATO defense ministers will meet next week to discuss further support for Ukraine.

🇮🇱 ISRAEL
Israel Plans Gaza Reoccupation

Israel is ramping up its military operations in Gaza, aiming to reoccupy 25% of the territory in a bid to pressure Hamas into releasing hostages. This move has sparked concerns about the displacement of millions of Palestinians.
The Plan
Israel’s military is expanding its ground operations in Gaza over the next two to three weeks.
The goal is to occupy 25% of the enclave as part of a “maximum pressure” campaign.
This could lead to the displacement of most of Gaza’s 2 million residents into a small “humanitarian zone.”
Some officials see this as a step toward a controversial “voluntary departure” plan for Palestinians.
Hostage Negotiations
Efforts to secure a ceasefire and hostage release remain deadlocked.
Hamas recently agreed to a proposal involving a 40-day ceasefire and the release of five hostages, but Israel rejected it.
Israel is demanding the release of 11 living hostages and 16 bodies in exchange for a 40-day ceasefire.
What’s Next?
The situation remains tense, with no clear resolution in sight.
Israel’s actions could lead to an indefinite occupation of Gaza.
Critics warn this could leave Israel responsible for the welfare of millions of displaced Palestinians.
Historical Context: Leaving Gaza
To understand the gravity of these actions, it’s crucial to remember Israel’s past withdrawal from Gaza. In 2005, Israel unilaterally disengaged from the territory, dismantling all 21 settlements and withdrawing its military forces.
The disengagement, led by then-Prime Minister Ariel Sharon, was intended to reduce the costs of maintaining settlements and address demographic concerns.
Over 8,000 Israeli settlers were evacuated, and residential structures were demolished by September 2005.