Reported about 16 hours ago
As Wall Street reacts to increased tariffs from China, many analysts advise against purchasing US stocks amid fears of a recession. Despite the bearish climate, Ed Yardeni of Yardeni Research believes this downturn presents a significant buying opportunity, suggesting that the Trump administration may ultimately relent on tariffs within months. Meanwhile, major firms have lowered their S&P 500 targets, reflecting concerns over corporate earnings amid rising tariffs and market volatility.
Source: YAHOO