Wall Street's Biggest Bull Turns Bearish - Wyatt Investment Research

One of Wall Street’s biggest bulls just turned bearish.

After predicting the S&P 500 would soar to 7,000…

He now says tariffs could wipe out earnings, crush demand, and trigger a recession.

Deutsche Bank chief global strategist Bankim Chadha was among the most bullish on Wall Street entering the year.

Not anymore.

He just CUT his S&P 500 target from 7,000 to 6,150.

He’s now the 11^th strategist to cut their S&P 500 outlook since President Trump’s latest round of tariffs.

JPMorgan… Bank of America… Evercore ISI… Citigroup…

All of them have downgraded their S&P 500 forecasts in response to escalating concerns in the trade war.

Yesterday, Trump refuted China’s claims that there were no ongoing trade discussions between Beijing and Washington.

As he told reporters…

“They had a meeting this morning… It doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning.”

So far no deal has been announced.

The trade war could soon worsen the cost-of-living crisis.

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