‘So Wrong’ Stock Forecasters Struggle to See Through Trade Chaos
The S&P 500 put up a strong performance last week, but is still down roughly 9% for the year as Trump has placed substantial tariffs on goods imported.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Wall Street’s leading prognosticators have been humbled this year, with so many proven wrong about the damage President Donald Trump’s combative trade policies would do to the stock market.
But despite all the convulsions and uncertainty, most equities strategists still expect the S&P 500 Index to rally through the remainder of 2025. It’s a level of optimism that flies in the face of history, even without the disruptions caused by Trump’s global tariff fight.