Why one Wall Street bear says he still sees a 12% correction for stocks in the 2nd half of 2025

A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025.

Seth Wenig/AP

• Stifel's Barry Bannister predicts a 12% decline for the S&P 500 in late 2025 amid tariff issues.
• Bannister cites a consumer slowdown and inflation as key economic concerns.
• He expects GDP growth to slow and stagflation risks to rise in the second half of the year.

Many across Wall Street have remained bullish even as President Donald Trump fans the flames of the trade war again this week...