Goldman Sachs are about as caught up in headline ping-pong as the rest of us.
From earlier in the week:
Most recently from GS:
On China - “large tariffs pose downside risk to our S&P 500 earnings estimates and return expectations.”
firms absorbing higher input costs resulting from tariffs would squeeze margins and hit profitsif firms pass the higher costs on to their customers sales might sufferevery 5% increase in the US tariff rate would lessen the S&P 500 earnings per share by about 1% to 2%if planned tariffs become reality GS will reduce its S&P 500 earnings-per-share forecasts by roughly 2% to 3% ... “not taking into account any additional impact from major financial conditions tightening or a larger-than-expected effect of policy uncertainty on corporate or consumer behavior”"China retaliatory measures to have only limited impact on energy prices" This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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