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Wall Street's major bulls have given in! The impact of Trump's tariffs on the U.S. stock market is much more severe than expected.
① Deutsche Bank strategists have lowered the year-end Target Price for the S&P 500 Index by 12% to 6,150 points, expecting that the earnings of constituent companies will decline by 5%; ② Deutsche Bank strategists anticipate that the S&P 500 Index will fluctuate within the range of 4,600 to 5,600 points and believe the USA government needs to make concessions in trade policy to improve economic conditions.
Express News | NASDAQ 100 Index and S&P 500 futures turn positive in pre-market trading, while NVIDIA rebounds and Tesla narrows losses after earlier dropping over 2%.
Jefferies Financial reveals a new watershed in the US stock market game. Will the bulls and bears battle it out at 5,500 points?
A trading price above 5500 will send a signal to the Analyst, indicating that traders are shifting from selling on highs to buying on lows.
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Jefferies Financial: The "shine" of the US stock market is over, and it may continue to decline in the future.
Christopher Wood, the Head of Global Equity Strategy at Jefferies Financial, stated that the U.S. stock market has long passed its "golden period," and investors should be prepared for further declines in U.S. stocks, U.S. bonds, and the dollar.