Analyst who forecast stock market rally updates outlook
The long-time Wall Street analyst has reset his stock market forecast.
The stock market has gone on a wild ride in 2025.
After back-to-back years of 20% plus returns and the S&P 500 reaching all-time highs in February, a string of tariff announcements by President Donald Trump sent stocks tumbling nearly 20% through early April.
The decline left many nervous that more losses were likely as investors updated valuation models to account for increased inflation and recession risk, and potentially lower corporate profits
