Goldman Sachs sees stocks dropping to this level if a recession strikes

Stocks have teetered at the edge of a bear market since Trump revealed sweeping tariffs on April 2.TIMOTHY A. CLARY/AFP via Getty ImagesThe trade war has caused recession fears to spike and stocks to tumble. The S&P 500 would drop about 7% from current levels in a full recession, Goldman Sachs estimates."Historical comparisons show that recessions are usually associated with larger equity drawdowns than we have seen."The stock market has teetered at the edge of a bear market since tariffs we