Apollo Global Drops 6.79% as President Warns of Recession

On April 4, 2025, Apollo Global's stock price dropped by 6.79% in pre-market trading, signaling a significant shift in investor sentiment towards the company.

Apollo Global Management's President, Jim Zelter, has expressed concerns about the potential for a US recession due to the recent tariffs announced by President Donald Trump. Zelter believes that the odds of a recession are at "50% or higher," depending on the outcome of upcoming events. He also highlighted the risk of stagflation, a combination of high inflation and economic stagnation, which could result from the tariffs. Zelter's comments reflect a broader concern among investors about the economic impact of trade policies and their potential to disrupt global markets.

Zelter's warnings come at a time when private markets are facing increased scrutiny and uncertainty. The potential for a recession and stagflation could have far-reaching implications for Apollo Global's investment strategies and portfolio performance. Investors will be closely monitoring the company's response to these challenges and its ability to navigate the evolving economic landscape.