UBS' BAWEJA SAYS S&P 500 COULD HIT 5,300 DUE TO 'VISIBLY TIRING' U.S. CONSUMER 🔸 UBS strategist Bhanu Baweja warns the S&P 500 could fall another 8% to 5,300 points, citing a "tiring" U.S. consumer. 🔸 Key risks include weakening employment expectations, spending outlook, and consumer confidence. 🔸 He expects profit estimates to drop in the next few months, adding pressure on markets. 🔸 Concerns also stem from upcoming U.S. tariffs (set for April 2) and Trump’s unpredictable trade policy. 🔸 Baweja notes the slowing U.S. economy, reduced immigration, and lack of new fiscal stimulus are now showing in the data. 🔸 Analysts have cut 2025 S&P 500 earnings growth forecasts from 12.5% to 9.5%, with more reductions likely.