A top mind at JPMorgan Asset Management sounds the alarm about an obvious economic red flag after Trump's resounding win, even as US stocks soar

Contributing sentiments towards policy:

48% : I thought the biggest people in favor of free trade was the Republican party.
45% : Inflation is a key reason Trump won, and he shouldn't forget that.
42% : Kelly has said he'd have to increase his inflation target and slash his long-term growth outlook if Trump followed through on his tariff proposals, given that they'd almost certainly prompt counter-tariffs that would hurt US exporters as well."Retaliatory tariffs hurt growth in both countries and push up inflation in both countries," Kelly recently said.
37% : He added: "I don't know if all this rhetoric is going to match what's going to actually happen."The small-cap maven described himself as a free-market aficionado who's generally opposed to tariffs, including the ones that Trump outlined during his campaign.
35% : "Often with Trump, the rhetoric and reality are not the same," Gallagher said.
33% : "On the campaign trail, Trump teased aggressive tariffs: a 60% tax on Chinese goods and as much as a 20% upcharge on all other imports.
30% : Ultimately, Gallagher thinks there will be some tariffs, though they may be more tempered than what Trump has floated.
29% : "Trump's going to have to be, rightly, concerned about inflation.
28% : But Chris Murphy, Susquehanna's cohead of derivatives strategy and a copanelist with Orlik, reasoned that Trump could always back away from tariffs if the market reacted poorly to his proposals.

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