Apollo Global Plunges 7.65% on Recession Fears

On April 4, 2025, Apollo Global's stock price dropped by 7.65% 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 tariffs announced by President Donald Trump. Zelter believes that the odds of a recession are "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 within the financial community about the economic impact of recent trade policies.

Zelter's warnings come at a time when the private markets are facing significant challenges. He sees the current situation as a turning point for private markets, which have been a key area of focus for Apollo Global. The company has been actively investing in private equity and other alternative assets, and any disruption in the market could have a significant impact on its performance. Investors will be closely watching how Apollo Global navigates these challenges in the coming months.