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Musk says Trump tariffs will cause a recession later this year

1. Elon Musk predicts Trump's tariffs will trigger a recession this year. 2. Musk's public fallout with Trump centers around tariff implications on the economy. 3. JPMorgan estimates a 60% chance of recession due to Trump's tariffs. 4. The Congressional Budget Office predicts $2.4 trillion deficit increase from tax cuts. 5. Trump's tariffs have raised concerns across Wall Street and among experts.

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FAQ

Why Bearish?

Tariffs threatening recession could negatively impact earnings across S&P 500 sectors.

How important is it?

Concerns over tariffs and recession could lead to investor caution regarding S&P 500.

Why Short Term?

Recession predictions typically influence market sentiments rapidly within quarters.

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