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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.
US Stock Futures Drop Amid Mixed Signals From White House On US-China Trade: 'Focus On Quality In A Diversified Manner,' Says Expert
The outlook for tariff negotiations is uncertain, U.S. stock Futures have decreased, European stocks opened lower collectively, and the dollar has weakened.
In Pre-Market Trading, Growth Tech stocks experienced widespread declines, with NVIDIA and Tesla both dropping nearly 1%. JD.com fell about 5%, while Ideal dropped over 2%. European stocks opened lower collectively, and the euro rose 0.6% against the dollar, reaching 1.1386. Spot Gold increased 1.2% to $3,327.98 per ounce.
The Forex market is experiencing a "counteroffensive moment" of the dollar, while the bears are still holding onto Put positions.
The recent rise of the dollar has put pressure on the markets betting on a weaker dollar, catching some market participants off guard.
Trump Says Fed's Powell Making Mistake by Not Cutting Rates
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.
Is Recession 'Inevitable'? Markets Say Don't Be so Sure.