With the American consumer running out of breath amid an economic slowdown in the second half of 2025, Stifel sees a selloff of 10% or more in the S&P 500.

U.S. stocks edged back from their record heights in Wall Street’s final moves before an upcoming update on inflation.

Stifel’s Barry Bannister says stocks are due for a big drop and thinks investors should play defense with staples and ...