Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.

Wall Street was mixed in quiet trading early Tuesday as markets appeared to shrug off new tariff deadlines for U.S. trading partners. Futures for the S&P 500 added 0.1% before the bell, while futures for the Dow Jones Industrial Average shed 0.

While banks including Goldman Sachs and Bank of America raised their S&P 500 year-end targets on Tuesday, Bannister is doubling down on his bearish view and calling for a 12% corr

History says the S&P 500 could advance 26% in the next year, and most Wall Street analysts see The Trade Desk and Okta as undervalued stocks at current prices.

Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.