President Trump's aggressive tariff policies have sent shockwaves through Wall Street, leading to an unprecedented downgrade of S&P 500 targets. Financial experts, including Evercore ISI’s Julian Emanuel, have slashed their year-end target by 1,200 points, from 6,800 to 5,600. The shift reflects growing concerns over the possibility of stagflation and a looming recession, fueled by escalating trade disruptions. Trump's tariffs, including a 25% levy on Canadian and Mexican imports and a 10% tax on Chinese goods, have ignited fears of retaliatory measures from key trading partners. China has already hit back with a 34% tax on U.S. exports, and other nations are poised to follow suit. Analysts warn that the fallout from this tariff war could mirror the disastrous effects of the Smoot-Hawley Tariff Act of 1930, which contributed to the Great Depression. With markets already facing a 6% drop, the global economy teeters on the edge of a crisis. Wall Street’s major players, including Goldman Sachs, UBS, and Wells Fargo, have all reduced their forecasts, signaling a widespread belief that the economy is headed for uncertain and turbulent times.
https://gaekkul.blogspot.com/2025/04/wall-street-shocked-s-500-targets.html
Wall Street Shocked: S&P 500 Targets Slashed Amid Tariff Chaos
Trump’s Trade Policies Spark Fears of Stagflation and Recession Wall Street is reeling as one of its most optimistic voices, Evercore ISI...
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