Is the market crashing in 2025? After Trumps new tariffs sent shockwaves through Wall Street, the S&P 500 has dropped 15% the worst since the pandemic. So what should you do with your money right now?

According to a new projection from J.P. Morgan, the odds of a global recession have climbed to 60%, a sharp increase that’s getting the attention of investors, businesses and everyday savers alike.