7 April | S&P 500

Evercore ISI strategist lowers S&P 500 outlook as trade tensions escalate

Evercore ISI strategist lowers S&P 500 outlook as trade tensions escalate

Evercore ISI’s chief equity strategist Julian Emanuel reduced his S&P 500 forecast to 5,600 points amid escalating trade conflicts. The index has already declined 17% from its February peak after US President Donald Trump introduced unprecedented tariffs of at least 10% on all imported goods. This prompted the analyst to revise down his earlier 6,800-point target.

Emanuel also lowered his earnings per share (EPS) forecast for S&P 500 companies to 255 in 2025 and 272 in 2026. The strategist warned that the Trump administration's sweeping trade policy changes will inevitably generate significant economic turbulence.

Evercore ISI has become one of the latest major firms to revise its outlook for the S&P 500 amid growing uncertainty. Earlier, similar steps were taken by organizations like Goldman Sachs and RBC Capital Markets. They adjusted their forecasts, citing increased market volatility.

Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Yesterday at 10:05 AM 28
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Yesterday at 09:14 AM 26
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
17 July 2025 62
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
17 July 2025 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts