Another reduction in the S&P 500 target has been announced by Wall Street analysts. The risks of stagflation are increasing, and while some predict a 10% stock rebound by the end of 2025, investors are advised not to buy into this hype too quickly. Jefferies has cut its S&P 500 target, expecting stocks to fall further. In the face of what Morgan and Citi describe as “abject uncertainty,” earnings estimates have been slashed. Bank of America suggests shorting the S&P 500 as global investors move towards safer assets.
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