Goldman Sachs: Short -term U.S. stocks may fall 5% in Trump tariffs

PaNews News on February 3rd, according to Jin 10, Goldman Sachs Strategicist said that due to the latest round of tariffs on the Trump administration, the US stock market may fall 5%in the next few months. Goldman Sachs strategist David Kostin wrote in a report: "These statements have shocked many investors. They are expected to levy tariffs if they fail in trade negotiations. Our economists think the prospects are unclear, but we think Tariffs for Canada and Mexico are likely to be temporary. The financial environment is further tightened or the impact of consumers and corporate behavior changes. He also warned that the fair value of the S & P 500 Index may fall by about 5%due to the attack and stock valuation value.