ExclusiveTariff Whiplash Leads to Historic Stock Market Comeback | Business Matters (May 15)

Just as quickly as it dipped, the stock market surged in a historic rally this past month. It comes as President Trump imposed tariffs on a number of countries, investors dumped U.S. assets in a simultaneous sell-off of both stocks and bonds. Forecasters have also cut back their odds of a recession. Economists at JP Morgan Chase have dialed it back recession odds from 60 percent in early April to less than 50 percent now.