According to Golden Finance, UBS Investment Bank chief strategist, the "significantly exhausted" U.S. consumer trend will further put pressure on stock prices, which may trigger the S&P 500 to fall 8% again. Bhanu Baweja said that indicators such as employment expectations, spending outlook and consumer confidence flashed early warning signals. As analysts lower their profit expectations for the next three to four months, he expects the S&P 500 to fall to as low as 5,300 points.