Easing tariff fears are pushing S&P 500 targets higher

00:00 Speaker A

As concerns about President Trump’s withdrawal of tariff policies and the return on Wall Street, we have seen the end of the year for S&P 500. So we take a look at the best calls in Wall Street. Wells Fargo estimates that the S&P 500 will end over 7,000. BMO Capital Markets 6,700, Goldman Sachs is currently 6,600. This is one of our latest price targets. So you can see how it has changed in the last few months, of course, around the April tariff announcements, there was too much uncertainty in Wall Street. But now we’re going to rise a little. Goldman Sachs Analyst David Kostin said the possibility of deeper nutrition rate cuts, and the fact that we see the Treasury is low as the catalyst progresses. He also said that traders would probably overcome the weakness of the earnings. We also saw a new upgrade from Bank of America. Now 6,300. This is from the previous 5,600. Now, Bank of America Analyst Savita Subramanian, a slightly more in the view. I mean, 6,300 is quite similar to what we are doing. Especially in the technology sector, it is probably worsening over time. However, he said you can’t count the corporate America. Many of these big CAP companies say that they can insulate themselves from unknowns from various tariffs. And if we take a look at the S&P 500 since the beginning of the year, you will see this April tariff blows, then the stocks fell quite aggressively, but here it was a stable climb. Now, we’re trading around this 6,300 points.