Why Barclays is the latest Wall Street bank to slash its outlook on stocks

Throw another large Wall Street Bank in the list of the list that becomes more careful on shares after the end of the year.

Barclays Strategist Venu Krishna Slashed HR 2025 S & P 500 (^ GSPCThe price of 6,900 targets on Wednesday, citing tariffs and “worsening” economic data. S & P 500 currently sits 5,822, down to date down to date about 2.3%.

The initial reduction reflects the expectation of Barclays that the S & P 500 companies will largely reduce the power of earnings due to the administration’s tariffs.

Krishna cut its views on economically sensitive consumer consciency and industrial sectors, negative from neutral.

“We think it will be tough to work on shares, to worsen the consumer mood, low growth, higher inflation and tariffs,” Krishna wrote. “Industries are expensive, against history and are subject to primary tariffs and state contracts under the conditions of trade policy and tense production.”

Read more: What do Trump Tariffs mean for the economy and your wallet?

Barclays updated its prospects to a financial account, positive from neutral, citing the possibility of solving tariff problems this year.

Investment Bank Follows the Likes of Goldman Sachs Cutting the target of its S & P 500 prices this month.

It also arrives at Wall Street heels that are more concerned about the economy.

JPMorgan Strategist Bruce Kasman raised eyebrows last week by calling the probability of 40% of this year. This is the probability of the second highest recession in BCA research veterans’ prediction behind Peter Berezin – He is called a likelihood of 75%A number

On Monday, he said that Goldman Sachi’s main economist Jan Hayur believes that the market will be negatively surprised by tariffs.

Meanwhile, the shocking economy also continues to play in the data.

Last month, the cost of retail in the US retail sphere was much weaker than expected for the latest retail report. This is higher weakness on consumer confidence data and the activities of various federation.

Great companies Delta (:Dale), FedEx (FDX:), and Nike (Slippery) warned about almost time trends in this month.

“We must be realistic,” the former director of the National Economic Council and the current IBM Vice President Gary Yours said in the opening application podcast (video above). “The market entered the year at a high level of all time.”

“Eggness is the number 1 enemy of the market,” Goldman Alum Cohn added. “When the company creates ambiguity in their growth profile, the market will peel in their business model.