PANews March 18 news, according to Jinshi, Macquarie Bank warned in its latest client report that Trump's economic policies have the potential to trigger a stock market crash. Unless Trump withdraws from the trade war and cuts spending (which seems unlikely at the moment), real US consumer spending may slow significantly. Since this is the most consistent signal of a bear market, we believe that the risk of a 20% drop in US stocks from the Valentine's Day peak is increasing. The US benchmark S&P 500 has fallen nearly 8% from its high last month, and the tech-heavy Nasdaq has fallen nearly 12% from its peak in December last year.