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Another big bank has slashed its stock-market outlook amid soaring economic uncertainty


Published on 2025-03-26 21:40:52 - Insider
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  • The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.

The article from MSN Money discusses how Bank of America has revised its outlook for the U.S. stock market, lowering its year-end S&P 500 target from 4,600 to 4,300 due to increasing economic uncertainty. This adjustment reflects concerns over persistent inflation, the Federal Reserve's potential to maintain higher interest rates for an extended period, and the possibility of an economic downturn. Bank of America's strategists, led by Savita Subramanian, now see a 50% chance of a recession, up from a previous estimate of 35%. The bank also highlighted that while the market has been buoyed by tech stocks, other sectors are showing signs of weakness, contributing to a more cautious market outlook. This change in forecast comes amidst a backdrop where other major banks like Morgan Stanley and Goldman Sachs have also adjusted their expectations, signaling a broader consensus on the challenges facing the equity markets.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/another-big-bank-has-slashed-its-stock-market-outlook-amid-soaring-economic-uncertainty/ar-AA1BI0da ]