GIFT ARTICLE (WSJ) 🎁 click here to read
Investors who think the return to high tariffs will hammer the economy into recession should expect much bigger falls in stocks and bond yields
Is “recession” now spelled T-A-R-I-F-F?
Markets were gripped by the recession trade after President Trump’s tariffs on Wednesday threatened a global trade war. Treasury yields, stock futures and the dollar all plunged.
This isn’t mere market hyperbole. Thursday was only the sixth time in history that the S&P 500 had fallen more than 4% while the dollar also fell more than 1%—with investors shocked that the greenback had failed in its usual role as a safe haven.
The carnage in the markets might be just the beginning:










