Tariff panic triggers sharp drop, Wall Street prophets proclaim "buying opportunity has arrived".

Edward Yardeni, a senior Wall Street professional known as the prophet of Wall Street, stated that the recent sharp drop in the US stock market is creating a "perfect buying opportunity" for investors, as they resist President Trump's tariff policy due to concerns about an economic recession. After President Trump announced an increase in tariffs, the US stock market experienced the largest single-day decline in five years on Thursday. Yardeni, a prominent strategist who pioneered the "Fed valuation model" and the term "bond vigilantes," said in an interview, "The current market is incubating an excellent buying opportunity, with investors voting against this tariff policy with their feet." The intensifying wave of tariffs in the US, the most severe in a century, is exacerbating concerns about economic growth suffering. Panic has spread to global markets, with Asian stock markets falling to a two-month low on Friday. Additionally, the President of Yardeni Research stated that Trump's actions will trigger strong political backlash, slow economic growth, and may even affect the 2026 midterm elections. He expects that in the next 3-6 months, Trump will make concessions in a way that he can claim victory, by obtaining partial compromises from trade partners to end the dispute. Yardeni maintains his target point of 6000 for the S&P 500 index, indicating an 11% potential increase from Thursday's closing price. He continues to be optimistic about the "Big Seven," including Apple Inc. (AAPL.US) and NVIDIA Corporation (NVDA.US), which have previously boosted the US stock market and still have potential despite weakening momentum.