It already was in recession. Don’t pay too much attention to the stock market numbers. They were always “fake” to begin with. If the stock market can “lose” billions in days, then it can also suddenly “gain” billions, because it’s all artificial. It’s just a reflection of the “confidence” of capital in the present state of the markets. Pay attention to the objective and material reality: the availability of goods and services, the prices of basic goods, real employment, productive capabilities, etc.