Investors were anxiously preparing for the start of U.S. trading following a significant downturn on Wall Street last week due to the Trump administration's tariffs announcement. They anticipated a turbulent week ahead as other countries respond.

In the aftermath of Trump's tariff declaration last Wednesday, the S&P 500 index plummeted by 10.5% in two days, resulting in a market value loss of approximately $5 trillion. This decline marked the largest two-day drop since March 2020. The substantial decrease on Thursday and Friday pushed the S&P 500 more than 17% below its record high on February 19, nearing bear market territory, a 20% decline.

Trading futures will begin at 1800 ET (2200 GMT) on Sunday, providing some insight into how Monday's trading session might unfold.

Mark Malek, Siebert Financial's chief investment officer, declared, “The bull market is over.” He anticipated potential gains in the short term but questioned their durability.

The timing of the tariff announcement coinciding with the start of the first-quarter earnings season added to the somber atmosphere, as per Malek.

Despite the negative sentiment, some traders believe the market may make a recovery attempt.

Steve Sosnick, Interactive Brokers' chief investment strategist, stated, “It's likely that this week, we'll see at least one positive trading day.”

However, the debate centers on the sustainability of any potential market rally.

F/m Investments' chief investment officer, Alex Morris, noted, “We might experience a day this week with green screens, yet a lasting recovery may take three to four weeks. By then, the sentiment could shift, indicating that the market has corrected sufficiently.”

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