One of Wall Street's biggest bulls cuts his S&P 500 outlook, blaming Trump's tariffs
Yardeni Research lowered its best-case S&P 500 target for 2025 nearly 9%, to 6,400 from 7,000, saying President Trump's tariffs raise the risk of stagflation.
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Ed Yardeni says he can't rule out that a bear market has already started
To get to a bear market — defined as a prolonged fall in stock prices of 20% or more — would mean the recent selloff was about to get a lot worse.
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