Sep
12
Goldman Warns of Bear Market in Latest Wall Street Trade Alarm
By-
JPMorgan, UBS have also highlighted potential hit from dispute
- Wall Street’s cautious comments come as U.S. stocks outperform
While U.S. equity investors have kept their cool during this year’s escalation of trade tensions, the warnings from Wall Street are only getting louder.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are the latest to weigh in, highlighting the potential danger to Corporate America if a full-blown trade war erupts. In separate notes published this week, strategists at both firms issued estimates on the possible hit to earnings, with Goldman chief strategist David Kostin going as far as calling for a bear market under a scenario where the U.S. imposed 10 percent tariffs on all imports…
Goldman Warns of Bear Market in Latest Wall Street Trade Alarm
