Wall Street Starts to Rethink Lofty S&P 500 Forecasts for 2025
For two consecutive years, stock-market prognosticators lifted their outlooks for the S&P 500 Index despite an unrelenting rally, but now most are tempering their bullish calls due to concerns over slowing economic growth and President Trump's tariffs. The rising sense of uncertainty among Wall Street forecasters is showcasing a shift in their thinking as they begin to question the market's trajectory. Historically, strategists' consensus target has typically lagged the actual market's moves by about 60 days.
- As the market volatility intensifies, investors and policymakers alike must confront the elephant in the room: how will trade wars and tariffs impact global supply chains and consumer confidence?
- Will the ongoing uncertainty about Trump's policies and their potential impact on economic growth lead to a reevaluation of the very concept of "pro-growth" policy?