Wall Street slashes stock market forecasts amid Trump tariff fears

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Wall Street banks have cut their targets for US stock counts over the past two weeks, as fears increase from President Donald Trump’s commercial war.

At least 10 banks, including JPMorgan, Bank and Evercore ISIs, have reduced their assessments for the S & P 500 index when the show is to impose 10 percent for most US and send “mutual” tariffs.

The S & P 500 fell into more than 7%, highly unstable, as the initial charges were announced on April 2, and for some other electronics on February 19.

But economists say that the uncertainty caused by rapid turns of commercial policy can slow down economic growth, or even a recession. Something that will hit the earnings of listed American companies.

“The Goldilocks mood entered this year has given rise to overthrow uncertainty,” said Citigroup analyst Scott Analyst.

The last target of the Wall Street S & P is now 6,012 compared to 6,539 last year. S & P 500 ended this week at 5,283.

New forecasts mean that the disturbance of economic growth is growing, the strategists still expect that the figure will increase by 14% in the coming months. It would only mean 2% to only 2%, 2023 and 2024 in 2025 and 2024 from 202 and 2024 to back 20 percent back.

The new cautious shade of banks has bows a bowed counterprodium since the year, when many market participants expected lower taxes and lighter settings under the Republican administration to promote corporate profits.

Friday Citigroup reports that S & P 500 will end at 5,800 a year, 6,500 from the previous call. The bank has also reduced its share of its share of estimation of up to $ 255, less than $ 270, below average $ 262, Bloomberg Data Shows.

Chronter noted that the last sharp decline in US stocks can become the “first bear market, which is specifically caused by the actions of the US President.”

JPMorgan lowed his “base case” target from April 7 to 5,200 to 6,500, assuming “partial” relief on tariffs. “Although we do not believe that the exclusion of us has ended.” It simply came to our notice then. ” [liberation day] Shock came to one time when the assessment was rich, the positioning was crowded, and the leadership was especially narrow. “

Peter Beresin, who has the lowest S & P 500 prices, in mid-February, is in the middle of February, in mid-February. At the beginning of March, he said that the fall of the United States will probably begin over the next three months.

“There is a lot of group in Wall Street,” Berez was said.