The stock market has experienced notable fluctuations recently, with experts and economists offering varied perspectives on its future trajectory.​

Barry Bannister, Stifel’s chief strategist and previously one of Wall Street’s most bearish analysts, suggests that the S&P 500 may have bottomed out for now. He anticipates a “W”-shaped pattern for the index this year, projecting a rise to approximately 5,800 as recession concerns wane, followed by a potential decline to around 5,500 due to resurging inflation in the latter half of 2025. Bannister recommends a diversified investment approach, emphasizing value stocks, international equities, and small-cap stocks.

Conversely, other analysts express caution. Persistent fears regarding tariffs and a potential recession continue to exert downward pressure on the market. The S&P 500 has experienced significant volatility, dropping 4% for the year after peaking in February. Experts attribute this instability to unresolved tariff issues with major trading partners, which hamper economic confidence. Additionally, erratic communication and policy changes from the administration exacerbate economic uncertainty, potentially leading to a recession.

Despite these challenges, some analysts maintain an optimistic outlook. For instance, Oppenheimer’s John Stoltzfus holds a year-end target of 7,100 for the S&P 500, suggesting potential gains. However, concerns persist, especially around trade-policy uncertainty expected to continue until the Trump administration reveals its tariff plans on April 2. Some analysts suggest that if Trump’s approval ratings decline, it could lead to policy changes beneficial for the market.

In summary, while certain experts believe the market may have reached a temporary low and could rebound, others caution that ongoing economic and geopolitical uncertainties could prolong market volatility. Investors are advised to stay informed and consider a diversified investment strategy to navigate the current market landscape.