1. Barclays slashed S&P 500 target by over 10% due to tariff concerns. 2. S&P 500 up 4% since March 13, attempting a four-day win streak. 3. Market faces fragility amid tariff uncertainty and shifting political tones. 4. Consumer confidence drops to lowest since February 2021, raising recession fears. 5. Trump's April 2 tariffs could risk negative market surprises.
Tariff uncertainties are likely to lead to reduced consumer confidence and spending, impacting earnings negatively. Historical tariffs have shown significant market volatility and downturns, notably during trade disputes in 2018-2019.
Given ongoing tariff discussions directly affect corporate earnings and market sentiment, the likelihood of impact on the S&P 500 is high.
The imminent April 2 tariff deadline implies potential immediate market reactions, similar to past instances where tariff announcements caused sudden fluctuations.