Another big bank has slashed its stock-market outlook amid soaring economic uncertainty

Adobe Firefly, Tyler Le/BI

• HSBC is the latest big bank to cut its outlook for stocks in 2025.
• Strategists said the risk of a potential recession and weak economic data are weighing on the outlook.
• Citi also downgraded its view of US stocks earlier this month on growth concerns.

HSBC is the latest banking giant to sour on the outlook for US stocks this year.

In a note to clients, strategists at HSBC Securities downgraded their rating of US stocks from...