Daily Summary
Top strategists warn that the overheated US stock market could see a significant correction, with losses around 13-16% by 2025, as technical issues and a sudden halt in growth momentum emerge. Meanwhile, Wall Street has already experienced a correction with the S&P 500 falling more than 10% below its record high, fueled by President Trump escalating the trade war through threats of heavy tariffs on European goods.
Top Strategists Forecast a 13%-16% Market Correction in 2025
US market experts are warning of a potential 13%-16% correction in 2025 due to technical concerns and overheating in the market, signaling a reversal from recent gains.
Wall Street Falls 10% from Its Record Amid Trump's Escalating Trade War
Wall Street entered its first correction since 2023 after Trump’s escalating trade war drove the S&P 500 more than 10% below its record, amid fears of further economic disruption.