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Wells Fargo and RBC cut S&P 500 targets as Trump tariffs roil stock market

Summary by CNBC

Both firms pulled back where they expect the S&P 500 to end the year after the chaotic week.

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Business Insider

Lean Left

Jeremy Grantham's right-hand man says the S&P 500 is still 30-40% overvalued — and tariffs just sank its best bull case

Reuters / Andrew BurtonTrump's tariffs threaten the US stock market's appeal, says Ben Inker of GMO.Tariffs could hurt large-cap growth firms' profit margins, impacting market performance.Inker advises investing in non-US stocks due to valuation discounts and economic risks in the US.President Trump's tariff rollout this week sank the one justification investors had for buying into an already expensive US stock market, according to Jeremy Granth…

5 hours ago·United States

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CNBC

Center

Wells Fargo and RBC cut S&P 500 targets as Trump tariffs roil stock market

Both firms pulled back where they expect the S&P 500 to end the year after the chaotic week.

18 hours ago·United States

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sherwood.news

Lean Left

RBC slashes S&P 500 target, says we are now “entering the second tier of fear”

“Our old bear case becomes our new base case,” writes Lori Calvasina, RBC Capital Markets chief US equity strategist....

1 day ago

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BNN Bloomberg

Lean Left

UBS Wealth downgrades U.S. stocks, cuts target on tariff blow

UBS Global Wealth Management downgraded US equities, warning of prolonged market volatility due to the impact of reciprocal tariffs on the world’s largest economy, and far-reaching implications for global growth.

1 day ago·Canada

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canadanewsvideo.com

Donald Trump trade war prompts retirement concerns as markets plummet worldwide #Canadian #CDNNews #CDNEcon #Economy

Financial markets tumbled worldwide on Thursday due to worries about the damage U.S. President Donald Trump’s newest set of tariffs could do to economies across continents, including his own. In Canada, the S&P/TSX composite index closed down 971 points, or 3.8 per cent, as markets worried the latest round of U.S. tariffs could sink the global economy into a recession. Canadian apparel brands, including Aritzia and Lululemon, were among companie…

16 hours ago

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rbcwealthmanagement.com

Tariff deluge: RBC Wealth Management’s initial take

By The Global Portfolio Advisory Committee United States Alan Robinson – Seattle U.S. stock indexes started the week on a positive footing as investors assumed the long-awaited announcement on new tariffs would be more bark than bite. But the eventual release of the new proposed schedule on Wednesday, April 2 after the market close was much worse than expected and took a significant chunk out of the stock market. Participants had expected a rou…

22 hours ago

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