BlackRock CEO Larry Fink issued a dire warning regarding the US economy. He stated that the nation is likely already in a recession. Since early April 2025, the S&P 500 index has faced a significant decline of 10.11%. Currently, the index stands at $5,062.24. Fink suggests the stock market could plummet by another 20%. Investors need to brace themselves for the potential fallout in the coming months.