Stock Futures Drop as Trump Won’t Rule Out U.S. Recession

Stock Futures Drop as Trump Won’t Rule Out U.S. Recession

Stock futures were mounting a forceful retreat early Monday after President Donald Trump said he hates “to predict things” when asked if a recession was coming.

That’s not a strong vote of confidence from someone who has had few reservations about making stock-market predictions in the past. The worry is that uncertainty about his tariffs, the vast cuts in government jobs, and capricious behavior more generally will hurt consumer and business confidence and lead to a downturn.

The administration’s comments “suggest that their pain level is higher than most would have believed a few weeks ago,” said Deutsche Bank strategist Jim Reid.