While there's no way of guaranteeing the answer to this question, there are select correlations spanning more than 110 years that intimate whether a U.S. recession is imminent under President Trump, and what that might ultimately mean for the Dow Jones Industrial Average ( ^DJI 0.13%), S&P 500 ( ^GSPC -0.01%), and Nasdaq Composite ( ^IXIC -0.32%).

The Constitution is clear," Bacon, a rare Republican critic of Trump, posted to X on Friday. Why It Matters Bacon's remarks came as Trump faced court challenges for using national emergency powers to levy tariffs on American trading partners.