A potential trade war resulting in a global recession has emerged as the top market tail risk, according to Bank of America's latest Global Fund Manager Survey.

If Trump’s tariff policies continue to raise everyday costs while also crippling the stock market, voters will resoundingly reject Republicans next fall.

Yet at that point, if the Fed acts to reflate the economy, inflation could easily rise above 4%. But if the Fed enables Trump's reckless macroeconomic and tariff policies and fails to put the brakes ...