A top Wall Street analyst Ed Yardeni trimmed his S&P 500 forecast for the end of the year and warned increasing risks of a downturn over the next months as inflationary and geopolitical pressures mount.
Concretely, Yardeni now expects the index to finish the year at 7,900, compared to 8,400 just last month. Back then he had upgraded it from 8,250 as corporate earnings kept soaring.
