Scott Chronert on Lowering S&P Target, Tariffs, and Market Outlook
CNBC TelevisionMay 7, 20254 min4,217 views
16 connections·20 entities in this video→Revised S&P Target and Earnings Outlook
- 🎯 Scott Chronert, Citi's U.S. equity strategist, has lowered his S&P target from 6,500 to 5,800 due to tariffs and macro slowing.
- 💰 Earnings estimates were also reduced from 270 to 255, reflecting macro influence and tariff impacts.
- 📈 The range of potential earnings outcomes is expected to be wider than usual due to tariff uncertainty.
Impact of Tariffs and Market Volatility
- ⚠️ Tariff discussions are expected to persist and remain a source of market volatility.
- 🧩 Chronert anticipates a
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S&P TargetTariffsMacroeconomic SlowingEarnings EstimatesMarket VolatilityConsumer DiscretionaryTech HardwareSemiconductorsForeign OwnershipUS EquitiesGoldQ1 Earnings
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