It’s Monday, March 10, and Donald Trump has been president for 50 days. The stock market continues its steep decline, with the Dow losing nearly 2,500 points over the past month. Today, it closed down nearly 900 points—after losing over 1100—reportedly due in large part to the uncertainty surrounding Trump’s tariffs,

White House Press Secretary Karoline Leavitt fielded questions about the ongoing stock market decline, saying the U.S. was in a “period of economic transition.”

President Donald Trump downplayed the prospect of a recession days after previously dodging the topic during an interview that added to uncertainty circling Wall Street. “I don’t see it at all,” Trump told reporters on Tuesday at the White House.