For two consecutive years, stock-market prognosticators lifted their outlooks for the S&P 500 Index over and over again to keep up with an unrelenting rally.
Wall Street is reconsidering optimistic S&P 500 forecasts for 2025 due to concerns about slowing economic growth stemming from President Trump's tariffs. While most strategists maintain their year-end price targets, some, like RBC Capital Markets, have adjusted bear-case scenarios, and others acknowledge heightened uncertainty and potential for significant market swings. The bullish consensus, partly based on post-election optimism, is facing pressure.
