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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.
