Appearing on Bloomberg’s The Close, Columbia Business School professor of professional practice and economist Brett House weighed in on the escalating market volatility triggered by the Trump administration’s sweeping new tariffs. As major indices plunged and cross-asset classes flashed warning signals, House emphasized that the market dynamics suggest more than a routine correction.
“This is not a garden-variety 10% correction off the top,” he said. “Whatever signs of optimism you’ve seen have been dashed. At this stage of the drawdown, it’s clear we’ve moved from a correction to something that’s metastasizing into a crisis.”
House’s commentary came amid the S&P 500’s sharpest selloff since 2022 and growing recession fears, as investor sentiment plummeted and bond yields tumbled. His analysis underscored the scale of the economic uncertainty now roiling global markets.
Watch the segment: Trump Tariff Selloff – Bloomberg: The Close (April 3, 2025)
