Tariff 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. Investors had dumped U.S. assets in a simultaneous sell-off of both stocks and bonds as President Donald Trump imposed tariffs on a number of countries.

Forecasters have now also cut back their odds of a recession. Economists at JPMorgan Chase have dialed back recession odds from 60 percent in early April to less than 50 percent now.