Three equity strategists previously reduced their optimistic forecasts for this year’s development of this year’s S&P 500 stock index.
However, the strategists of all three banks still believe that the stock market will rise during the rest of the year.
Strategists believe the president Donald Trump Politics will slow down economic growth and decline in the atmosphere of consumers, but do not expect a wider collapse into the stock market. These prospects are believed to have only temporarily slowing down the economy.
Currently, the market is excited about what kind of import duties Donald Trump puts on.
Tomorrow Wednesday, the United States, in the United States, will celebrate the “Liberation Day”, in the words of President Donald Trump, and tells new so -called reciprocal customs about the world.
Goldman Sachs and Yardeni Researchin For the second time in a month, stock strategists decreased their S&P 500 stock index for this year’s forecast.
According to Bloomberg news agency Yarnen Eddard dropped his forecasts to 6,000 points from the previous 6,400 points and Goldman Sachs David costs expects the index to reach 5,700 points, compared with 6,200 points.
Societe Generals Manish kabra and Charles de Boissezon They are still very positive about market development this year and the forecast dropped to 6,400 points from the previous 6,750 points. The forecast would mean an increase of about 14 % from the present and a nine percent rise from the beginning of the year.
Yarnen’s investor letter still believes that this decade is a strong rise on the stock market.
Yarnen predicts that the S&P 500 stock index breaks the 10,000 -point limit by the end of the decade. At present, however, the risk of stagflation has increased, which is at risk of slowing down economic growth and growth in inflation.
“A happy outcome would be that the United States would negotiate the reduction of customs, but it will not happen if the United States sets 20 % customs on all imported goods just because Peter Navarro Has convinced the president that duties will bring $ 6,000 billion in revenue over the next 10 years, ”Yarnen’s letter states.
Peter Navarro is Trump’s financial advisor.
The S&P 500 has now dropped by about four percent from the beginning of the year to 5,630 points. The previous peak of the index was 6,147 points in February, with a drop in about eight percent.
According to Bloomberg’s follow -up, all major investment banks are still expecting the S&P 500 stock index to rise this year.