US EditionWells Fargo Abruptly Cuts S&P 500 Year-End Target, Warns One Headwind Building ‘Exponentially’ Each Day: Report
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Wells Fargo Abruptly Cuts S&P 500 Year-End Target, Warns One Headwind Building ‘Exponentially’ Each Day: Report
Economists at the US banking giant Wells Fargo are reportedly cutting their S&P 500 outlook this year due to the impacts of the ongoing Iran conflict. Wells Fargo is now forecasting the S&P 500 will close out the year at 7,300, down from its previous prediction of 7,800, which would represent a less than 7% […]
In the context of the Middle East war, the US lead index S&P 500 shows a striking weekly pattern in which profits at the beginning of the week regularly go into significant losses at the weekend. For five weeks, the Iran conflict has burdened the stock market and created recurring uncertainty. The focus is particularly on statements and decisions by US President Donald Trump, which strongly influence the [...] The post Why the S&P 500 regularly …
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