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Peter Berezin told you so — or he tried to, at least.The chief global strategist of BCA Research defied consensus wisdom by predicting late last year that US stocks would sink in 2025 as a full-blown trade war caused a global recession.A few months later, markets have been hit by one of the largest downturns on record caused by unrest from President Donald Trump's tariff policy. Berezin looks brilliant, but he's not gloating."I've been in this business long enough to know that victory laps — more often than not —...

President Donald Trump's tariff plan is making stock market history — and Wall Street is reeling.The president's latest and most aggressive round of tariffs has fueled the worst market sell-off since 2020, leaving Wall Street on edge as concerns swirl over the economic impact of the tariffs and the growing possibility of a recession in 2025.Stocks extended their losses on Monday, with all three benchmark indexes diving into the red and the S&P 500 briefly entering a bear market as Trump doubled down on his resolve to lower the trade...

US stock futures surged early on Tuesday as investors took stock after a chaotic day on Wall Street and as trade tensions between the US and China continued to spiral. Futures tied to the S&P 500 (ES=F) jumped about 1.4%, and those on the tech-heavy Nasdaq 100 (NQ=F) rose 1.2%. Dow Jones Industrial Average futures (YM=F) were up 1.8%, leading the major gauges higher. Markets are weighing China's vow to "fight to the end" if the US continues to pursue what Beijing authorities described on Tuesday as "blackmail". The pledge...

The dollar has not been immune to the intense volatility that has gripped financial markets this year, particularly in the wake of President Donald Trump’s inauguration last January. That same month, the euro dipped as low as $1.02 amid speculation about potential parity between the two currencies. However, by mid-March, the euro staged a strong rebound, rising to $1.094. The latest blow came with last week’s announcement of the U.S. tariff policy, pushing the dollar down further. The currency is now trading at $1.10 per euro, marking a 6.25% depreciation...

President Donald Trump riffs on 'old fashioned term' groceriesAfter announcing global tariffs, President Donald Trump riffed on the word "groceries," calling it an "old fashioned" and "beautiful term."President Trump imposed new tariffs on imports, causing investors to worry about a recession.Arizona stocks are mixed, with some companies down sharply and others flat or slightly higher.Investors are advised not to panic and to consider adjusting their investment mix if they are concerned about volatility.Stock markets in the U.S. and around the globe took a beating with the news that President Trump...

The S&P 500 (SNPINDEX: ^GSPC) rocketed higher after Donald Trump won the presidential election in November. Many analysts issued optimistic forecasts for the U.S. stock market based on expectations that tax cuts and deregulation should boost economic growth. However, the S&P 500 has lost its post-election gains and then some. Recession fears have resurfaced as President Trump has forged ahead with the aggressive changes to trade policy outlined during his campaign. The S&P 500 is currently 8% below its record high and nearly 3% below where it closed on election...

US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT - Delayed Quote • USD As of 11:53:26 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have cautiously ticked up this week ahead of Trump's big tariff reveal, which will take place at the Rose Garden at 4 p.m....

April 2nd, or what the White House is calling "Liberation Day," is inching closer, but investors aren't receiving any liberation from the volatility that's plagued the market for the last few months.Wednesday is shaping up to be the Super Bowl of trade policy as President Donald Trump's reciprocal tariffs are scheduled to take effect, and Wall Street experts are placing their bets on what will happen once they do.It's no easy task to predict Trump's unconventional foreign policy strategy. Just last week he hinted at softening his stance on reciprocal...

NEW YORK, NEW YORK - MARCH 16: People walk past the New York Stock Exchange (NYSE) on March 16, 2023 ... More in New York City. Stocks fell again in morning trading as investors continue to show concerns over the stability of global banks following the collapse last week of Silicon Valley Bank. (Photo by Spencer Platt/Getty Images)Getty Images The stock market selloff has laid bare a crisis of confidence on Wall Street over Washington’s policy direction, and tax-cut optimism — even the cuts themselves — may be not enough...

The recent market decline has prompted another Wall Street strategist to revise its S&P 500 forecast lower for 2025. On Friday, UBS Global Wealth Management head of US equities David Lefkowitz predicted earnings would come in weaker than previously expected, prompting a trim to the firm's year-end price target to 6,400 from 6,600 on the broad-based index. “We still believe that US stocks can recover and post gains for the year. However, recent economic weakness and our expectation that tariffs will be at the higher end of our base case...