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Is the outlook for the U.S. stock market clouded? JPMorgan switches from bullish to bearish: Trump's tariffs will weigh on domestic and international economies.
① Taylor, the head of Global Markets Intelligence at JPMorgan, stated that due to the escalation of trade tensions, the expectations for USA GDP and corporate earnings will significantly decline, thus tactically shorting the S&P 500 Index; ② The earnings growth expectation for USA companies in the first quarter has been revised down from 11% to 7.1%, with the Atlanta Federal Reserve Bank predicting a first-quarter GDP growth rate of -2.8%, indicating that the USA economy is at risk of contraction.
Trump Will Vow to Continue Tariff Fight in Speech to Congress, Prepared Remarks Show -- Barrons.com
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Anxiety in the market.
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Analysis suggests that the sharp decline in the US stock market has shattered Wall Street's optimistic expectations for the economic outlook following Trump's victory, requiring investors to reassess the reasonable value of US Assets in the new environment of tariffs imposed by Trump on Canada and Mexico.
As soon as the market opened, there was an exodus! Trump's "tariff stick" scared away retail investors in U.S. stocks, with record selling规模 in the first hour of trading on Tuesday.
The moment the bell for the U.S. stock market opening rings, a record wave of Stocks selling hits.
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