Deutsche Bank Slashes S&P 500 Forecast
One of Wall Street’s most optimistic forecasters has dramatically cut their S&P 500 outlook as Trump’s trade policies threaten corporate profits.
Deutsche Bank now expects the S&P 500 to reach only 6,150 by year-end (down from 7,000) and predicts corporate earnings will fall 5% this year instead of growing.
The bank warns that the proposed tariffs would effectively raise import tax rates from 2.3% to 26.4%, creating an $800 billion burden on businesses that could only be relieved if the administration backs down on these policies.
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