S&P 500 could drop to 4,300 due to Trump's tariffs, leading to further equity decline.

From Financial Modeling Prep: 2025-04-08 07:23:00

BCA Research analysts predict the S&P 500 could drop to 4,300 amidst ongoing market turmoil sparked by Trump’s tariffs. Lead strategist Irene Tunkel warns of a long road ahead unless trade policy reverses. The index closed at 5,062.25, inching closer to a bear market. Next phase of decline may be more disruptive.

Trump’s tariffs, ranging from 10% to 50%, are impacting investor confidence and economic outlook. Analysts anticipate further equity decline due to earnings deterioration and economic drag from tariffs. JPMorgan Chase CEO Jamie Dimon warns of potential recession and strain on the economy from sustained inflation and tariff impacts.

BCA Research sees S&P 500 potentially dropping to 4,300 if tariffs persist, representing a 15%+ decline. This adjustment aims to align valuations with historical averages amid heightened macroeconomic risks. Dimon highlights risks from fiscal deficits and geopolitical tensions, echoing Wall Street caution.



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