Goldman Sachs

Goldman Sachs economists are starting to worry about president Trump

Bloomberg.- Just a few weeks ago, Wall Street analysts were busy boosting their economic forecasts on the expectation that President Trump would implement sweeping corporate-tax reform, a rollback of regulations, and new fiscal stimulus. Two weeks into his term and the president has been focused primarily on immigration and trade, causing a reevaluation among analysts at some banks that harks back to pre-election concerns about Trump’s uncertain effect on markets and U.S. economic growth.

Goldman Sachs sees shock potential for U.S., European Stocks

Bloomberg.- U.S. and European equities are in for a bumpy ride into the end of the year. That’s the message from Goldman Sachs Group Inc., which says that political risks, exacerbated by a weak economy in Europe and high stock prices in the U.S., make those markets vulnerable to declines in the next three months. The firm projects that the S&P 500 Index and the Stoxx Europe 600 Index will each drop by about 2 percent by December.