S&P500 – Will the Crash Surpass the COVID Pandemic?

S&P500 – Will the Crash Surpass the COVID Pandemic?

Since Donald Trump took office, U.S. indices have seen a notable decline from their all-time highs. The S&P500 is already down around 30%, raising the question: Is this just the beginning of a larger sell-off?

Measured in points, the index has dropped roughly 2,000 points so far – during the COVID-19 crash in 2020, the decline was “only” about 1,220 points, though from a lower level. That means the 36% drop seen in 2020 is no longer far off in relative terms.

Can that really happen again?
From a technical perspective, the market currently lacks strong support zones or reversal signals. Only a sudden shift in sentiment – for example, if Trump softens his stance on tariffs – could trigger a rebound.

Conclusion:
Caution with long positions remains advised. Until we see technical bottoming patterns or a clear shift in macro sentiment, it’s wise to wait for more stable setups before betting on a recovery.

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