Wall Street strategists are abandoning their bullish views on the US stock market in droves as a sell-off in reaction to President Trump’s reciprocal tariff announcements has experts rapidly paring forecasts for 2025. On Sunday night, Oppenheimer chief investment strategist John Stoltzfus became the latest strategist to cut his year-end S&P 500 target, lowering his…
It’s been a brutal start to March as markets reverse their Trump-driven euphoria following the president’s recent tariff war escalation and fears over slower economic growth in the face of stubborn inflation. Both the benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) have each erased their post-election gains, with the latter entering correction territory…
It’s safe to say that stock investors are closing out 2024 in a rather upbeat mood. The markets posted substantial gains, with the S&P 500 surging nearly 27% year-to-date. The support for the current bullish trend is clear. The prospect of interest rate cuts, coupled with stronger-than-expected corporate earnings, is driving market confidence. Adding to…