S&P 500 could tumble as low as 3,700 even in a 'mild recession,' says Wolfe Research
- Deutsche Bank strategists recently cut their S&P 500 index target and earnings estimate.
- Mounting economic uncertainties driven by ongoing U.S. Trade tensions prompted this change.
- The changing U.S. Tariff policy has jolted markets and intensified recession worries.
- Deutsche Bank's Binky Chadha stated, "We lower our S&P 500 EPS estimate... From $282 to $240."
- Wolfe Research suggests the S&P 500 could drop to 3,700 in a mild recession.
6 Articles
6 Articles
The ‘bouncebackability’ of US equities: why history is a guide on how quickly we could see a recovery - IFA Magazine
Written by Daniel Casali, Chief Investment Strategist at wealth management firm Evelyn Partners, says the S&P 500 typically recovers swiftly from short, sharp selloffs Equities typically recover from sharp bear markets but how ‘bouncebackable’ are they really? The term ‘bouncebackability’ was coined by former football manager Iain Dowie. He made it famous during his time at Crystal Palace covering the 2003-2004 season, where the team went from n…
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