Wall Street strategists warn messy tariff fallout won’t go away anytime soon

The vibes on Wall Street tanked this past week after President Trump’s aggressive tariff rollout sparked recession fears and pushed markets to the brink. The Nasdaq (^IXIC) ended the week in bear market territory, while the Dow (^DJI) entered correction and S&P 500 (^GSPC) logged its worst five-day stretch since 2020. But one strategist advised against knee-jerk reactions with the fallout of Trump’s tariffs still yet to play out. “It’s too late to panic,” Ed Yardeni, president of Yardeni Research, told Yahoo Finance on Thursday. Yardeni, who has a year-end S&P 500 target of 6,100, said it will take time…