Or at least, it's been claimed that it's happened before.
PR obviously also plays a huge role.
https://www.nytimes.com/1991/10/09/business/recession-and-re...
https://en.wikipedia.org/wiki/Early_1990s_recession_in_the_U...
https://www.brookings.edu/opinions/the-economy-and-the-elect...
https://www.bizpacreview.com/2019/08/19/fox-friends-not-afra...
https://www.dailywire.com/news/50222/bill-maher-recession-wo...
https://www.nationalreview.com/news/stocks-drop-as-recession...
https://www.salon.com/2019/08/24/history-suggests-that-a-rec...