Trump's economic policies may lead to a market downturn, warns Macquarie Bank
According to a report from PANews, Macquarie Bank warned its clients in its latest report that U.S. President Donald Trump's economic policies could lead to a stock market crash. The report noted that unless Trump backs down on the trade war and reduces spending - actions that currently seem unlikely - actual consumer spending in the United States could slow significantly. This slowdown is considered the most consistent signal of a bear market, with an increased risk of U.S. stocks falling 20% from their peak on Valentine's Day. The benchmark U.S. stock index, S&P 500, has fallen about 8% from its high last month, while the tech-heavy Nasdaq index has dropped about 12% from its peak last December.
