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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.
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The Globe & Mail broke the news in Canada on Thursday, April 24, 2025.
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