President Trump summoned the Goldman Sachs (GS) research team for the security market forecast earlier this year, which initially predicted that the S&P 500 (^GSPC) would end a year below as the US economy entered the recession after the original “liberation day” tariffs.
Specifically, Trump on Tuesday directed Goldman Sachs CEO David Solomon, including the executive hobby as a DJ.
“David Solomon and Goldman Sachs refuse to give credit where you need to pay credit,” Trump wrote short in Tuesday’s recording, while launching revenue from the tariff and stock market, which fluctuates at almost record height. “They have long made a bad forecast both in the marketplace and the rates themselves. They are wrong, just as they are wrong with so much. I think David should go out and get a new economist, or maybe he should only focus on the DJ and without bothering with a big financial institution.”
Goldman Sachs refused to comment on the record.
April 9 The Goldman Economic Research Team joined the growing list of Wall Street economists, which believed that potential growth due to aggressive short rate positions in 2025. Pushes the US economy into a decline.
But the same afternoon, Trump made a 90 -day pause to the wide rates of his so -called “mutual” tariffs, and Goldman quickly canceled his downturn call.
Read more: What does the Trump tariffs mean to the economy and your wallet
During the same spring, the Goldman stock strategy team was one of more than 10 Wall Street firms watched by the Yahoo Finance, which reduced the end of their year’s S&P 500 because the stock market was given to tariffs.
David Kostin’s shares strategy team increased the S&P 500 end goal of the year to 5,700, which would reflect the negative years of the reference index. But as the market came together, Kostin, along with many other Wall Street, became more positive for promotions. Kostin now sees that the S&P 500 finishes 6,600 or about 3% higher than when the index was on Tuesday.
Calling for Solomon is only the latest example of Trump, criticizing the country’s largest banks. Last week, during an interview with CNBC Squawk Box, Trump called Bank of America CEO Brian Moynihan and Jpmorgan Chase CEO Jamie Dimon, claiming that their banks, like others, were “discriminated against” by rejecting his banking services.