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Deutsche Bank Warns of S&P 500 Earnings Recession

4/24/2025

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Summary

Story summary

Deutsche Bank predicts an S&P 500 earnings recession, lowering EPS estimates to $240, a 15% reduction.
Analysts link this downturn to aggressive tariffs affecting U.S. corporate profits, estimating an $800 billion tax increase.
The S&P 500 is projected to fluctuate between 4,600 and 5,600 due to ongoing trade tensions.
Positive developments regarding tariffs may lead to market rallies, though uncertainty persists.

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Story summary

Deutsche Bank predicts an S&P 500 earnings recession, lowering EPS estimates to $240, a 15% reduction.
Analysts link this downturn to aggressive tariffs affecting U.S. corporate profits, estimating an $800 billion tax increase.
The S&P 500 is projected to fluctuate between 4,600 and 5,600 due to ongoing trade tensions.
Positive developments regarding tariffs may lead to market rallies, though uncertainty persists.