Wall Street slashes stock market forecasts amid Trump tariff fears

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Wall Street Banks have reduced their goals for the original US share gauge over the past fortnightly as the fears of the possible economic results of President Donald Trump’s trade war.

S&P 500 has reduced their estimates for the index and sent shockwave through the financial market after the decision to impose Trump’s baseline tariff on most US imports, including JPMorgan, Bank of America and Evalo ISI.

Since the initial tariffs were announced on April 2, the per cent of the S&P 3 high volatile business has decreased by more than 5 percent since February 1, touched by record height. Trump has since paused for mutual tariffs and has created a engraving for smartphones and some other electronics.

However, economists say that uncertainty caused by fast U-turns in trade policy can still slow down economic growth, and even triggers the recession-something that hurts the earned US companies.

City Group Analyst Scott Cronart said in a note, “This year, the Goldloves feeling entrenched gave way to block uncertainty.”

The average completion of the S&P target on Wall Street is now at 6,012 – compared with 6,539 by the end of last year. S&P 500 ended at 5,283 this week.

The new forecast means that despite the growing concerns about reducing economic growth, strategists are still hoping that the index will increase by 14 percent in the coming months. It will identify only 2 percent of the profits for 2021, it is a major downturn in the back-to-back rally in 2021 and 2021.

From the beginning of the year, the new warning of the banks identifies a polite disaster, while many market participants expected to reduce corporate profit and to lower the tax and light control under the Republican administration.

On Friday, the City Group said that they were expecting S&P 500 years to be completed at 5,800, it was reduced from the previous call of 6,500. Bloomberg data shows that the bank has reduced its earnings of 2025 per share from $ 270 to $ 255 to $ 262, showing Bloomberg data.

Crontart said that the recent intense collapse for US equity “first bear market can be triggered by the US presidential activity”.

Zepmorgan has reduced its “base case” target from 7,500 to 5,200 from 6,500, with “partial” relief on tariffs. “Although we don’t believe that our exceptionalism is over,” the bank wrote at this time, “it [liberation day] Shock came at a time when the evaluation was rich, the position was crowded and the leadership was especially narrow. “

Peter Berazin at BCA Research, who has achieved the lowest 2025 price target for S&P 500 in analysts surveyed by Bloomberg, said in mid -February that he hopes that this year’s index will be closed at about 4,450, which is decreasing by 15 percent from the current level. In early March, he said the US downturn is likely to begin within the next three months.

“Wall Street has a lot of groupthink,” said Berazin.