Deutsche Bank has revised its forecast for the S&P 500, attributing the change to potential harm to corporate earnings caused by tariff policies.
What Happened: Deutsche Bank has lowered its year-end expectation for the S&P 500 to 6,150, a significant reduction from its earlier target of 7,000. The bank’s analysis suggests that tariff hikes will disproportionately affect American companies, equating to an “$800 billion tax increase,” reported Business Insider.
The bank calculated this figure by applying the new effective U.S. tariff rate of around 25% to $3.25 trillion worth of goods imported to the U.S. last year. A team led by chief strategist Binky Chadha noted, “U.S. corporates intermediate most goods imports, whether for consumption or as components for further processing, and we see them bearing the bulk of the tariff hit with few avenues for relief.
Chadha …
Full story available on Benzinga.com
Deutsche Bank has revised its forecast for the S&P 500, attributing the change to potential harm to corporate earnings caused by tariff policies.
What Happened: Deutsche Bank has lowered its year-end expectation for the S&P 500 to 6,150, a significant reduction from its earlier target of 7,000. The bank’s analysis suggests that tariff hikes will disproportionately affect American companies, equating to an “$800 billion tax increase,” reported Business Insider.
The bank calculated this figure by applying the new effective U.S. tariff rate of around 25% to $3.25 trillion worth of goods imported to the U.S. last year. A team led by chief strategist Binky Chadha noted, “U.S. corporates intermediate most goods imports, whether for consumption or as components for further processing, and we see them bearing the bulk of the tariff hit with few avenues for relief.
Chadha …
Full story available on Benzinga.com
Deutsche Bank has revised its forecast for the S&P 500, attributing the change to potential harm to corporate earnings caused by tariff policies.
What Happened: Deutsche Bank has lowered its year-end expectation for the S&P 500 to 6,150, a significant reduction from its earlier target of 7,000. The bank’s analysis suggests that tariff hikes will disproportionately affect American companies, equating to an “$800 billion tax increase,” reported Business Insider.
The bank calculated this figure by applying the new effective U.S. tariff rate of around 25% to $3.25 trillion worth of goods imported to the U.S. last year. A team led by chief strategist Binky Chadha noted, “U.S. corporates intermediate most goods imports, whether for consumption or as components for further processing, and we see them bearing the bulk of the tariff hit with few avenues for relief.
Chadha …Full story available on Benzinga.com Read Morebenzinga neuro, corporate tax, Deutsche Bank, News, NVDA, tariffs, TSLA, US markets, Markets, NVDA, US67066G1040, TSLA, US88160R1014, News, Markets, Benzinga News
