It's not wrong. The recession began last year and will probably run thru most of Trump's second term. This is why he is hellbent on bringing manufacturing jobs back home from offshore. This is how he will keep Americans working and counteract the recession. It's better than expanding government jobs.
As far as the stock market is concerned, the recession will not prevent capital from fleeing Europe and coming here. Smart Europeans recognize that the EU fully intends to fight a nuclear war with Russia. Capital is fleeing because of the coming war and because smart investors understand that EU nations will eventually enact capital controls to keep that capital home and funding the war.
The US has the least worst economy in the world right now, and Trump is strengthening it. European capital flees mostly into the DJIA, not the NASDAQ. The Dow will go to unheard of heights because of international capital flows. The closer to war, the greater the flow to America.
THANKS!
That is painfully obvious to any careful observer; however, I hope that you are wrong. I heard a Pentagon assessment maybe 6 or 7 months ago that Europe does not have the weaponry or resources to sustain a full scale war conflict with Russia; presumably they hope to draw the Yankees in via NATO.
Hopefully POTUS Trump is too clever to allow that to happen.