Wells Fargo and RBC cut S&P 500 targets as Trump tariffs roil stock market

Jeremy Grantham's right-hand man says the S&P 500 is still 30-40% overvalued — and tariffs just sank its best bull case

Reuters / Andrew BurtonTrump's tariffs threaten the US stock market's appeal, says Ben Inker of GMO.Tariffs could hurt large-cap growth firms' profit margins, impacting market performance.Inker advises investing in non-US stocks due to valuation discounts and economic risks in the US.President Trump's tariff rollout this week sank the one justification investors had for buying into an already expensive US stock market, according to Jeremy Granth…

Wells Fargo and RBC cut S&P 500 targets as Trump tariffs roil stock market

Both firms pulled back where they expect the S&P 500 to end the year after the chaotic week.

RBC slashes S&P 500 target, says we are now “entering the second tier of fear”

“Our old bear case becomes our new base case,” writes Lori Calvasina, RBC Capital Markets chief US equity strategist....

UBS Wealth downgrades U.S. stocks, cuts target on tariff blow

UBS Global Wealth Management downgraded US equities, warning of prolonged market volatility due to the impact of reciprocal tariffs on the world’s largest economy, and far-reaching implications for global growth.

Donald Trump trade war prompts retirement concerns as markets plummet worldwide #Canadian #CDNNews #CDNEcon #Economy

Financial markets tumbled worldwide on Thursday due to worries about the damage U.S. President Donald Trump’s newest set of tariffs could do to economies across continents, including his own. In Canada, the S&P/TSX composite index closed down 971 points, or 3.8 per cent, as markets worried the latest round of U.S. tariffs could sink the global economy into a recession. Canadian apparel brands, including Aritzia and Lululemon, were among companie…

RBC Cuts S&P 500 Outlook as Growth Risks Surge Post-Tariffs

RBC Capital Markets has reduced its year-end target for the S&P 500 (SP500) to 5,500, citing heightened concerns around U.S. economic growth following President Donald Trump’s announcement of sweeping global tariffs. The revised forecast represents an 11% downgrade from its earlier 6,200 projection. “This shift effectively turns our former bear case into our new base case,” said Lori Calvasina, head of U.S. equity strategy at RBC, in a note publ…