Navarro promises the market is finding the bottom: 'I guarantee no recession'

White House senior counselor Peter Navarro said to Laura Ingraham on Monday evening that there would be “no recession” following the implementation of President Donald Trump’s tariffs.

Navarro told Ingraham that the market, which tanked last Thursday in response to Trump’s reciprocal tariffs enacted on nearly 200 countries, is “finding a bottom” and that the S&P 500 will “lead in the recovery.” Navarro had said that the Dow Jones Industrial Average would surge to 50,000.