Trump blasts Goldman over tariff forecasts, tells David Solomon to ‘focus on being a DJ’
President Trump called the Goldman Sachs (GS) research team for an estimation of a stock market earlier of the year, which initially estimated that the S&P 500 (^Gspc) would end a lower year as the first “Liberation Day” tariff announcements entered into a lower year.
In particular, Trump targeted David Solomon, Goldman Sachs CEO A real social shipment On Tuesday, as a DJ release to the manager’s hobby.
“David Solomon and Goldman Sachs refuse to give loans in the places where the loan is due,” Trump wrote on Tuesday, a stock exchange circulating in a reality Social’s revenue and record summits. “A long time ago, both the market echo and the tariffs made a bad guess about themselves, and they were wrong as they were wrong about so much.
Goldman Sachs refused to comment on the article.
On April 9, Goldman’s economic research team joined a growing list of Wall Street economists, who believed that the potential growth obtained from Trump’s aggressive tariffs stance will push the US economy into stagnation in 2025.
However, in the same afternoon, Trump made a 90 -day pause in a large area of the so -called “mutual” tariffs, and Goldman quickly got his call for stagnation.
Read more: What do Trump’s tariffs mean to your economy and wallet?
During the same time period, Goldman’s stock strategy team was one of the more than 10 Wall Street firms, which were watched by Yahoo Finance, in response to the stock market tariffs, which cut off the year -end target for S&P 500.
The stock strategy team, led by David Kostin, reduced the year -end target for S&P 500 to 5,700, which reflected a negative year for the criterion index. But as the Sunday walked, Kostin became more positive on stocks with others in Wall Street. Kostin now sees that the S&P 500 is about 3% higher than that the year ends in 6,600 or the index is trading on Tuesday.
Calling to Solomon is the latest example that criticizes Trump’s bosses of the largest banks of the country. Last week, during the interview with CNBC’s “Squawk Box”, Trump, Bank of America CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon claimed that he was “discriminated against me, as well as banking services.”
