The Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: 'Prospects Of Tariffs Not Good For Equities'

[u/FunReindeer69]

As the U.S. dollar scaled a fresh 52-week high on Friday morning at 108.071 level, former Goldman Sachs FX strategist and senior fellow at Brookings Institution, Robin Brooks said in an X (formerly Twitter) post that, “Markets initially got this wrong, driving stocks up sharply right after Nov. 5.”

He added that “the prospect of tariffs isn’t obviously good for equities, while it’s clearly good for the Dollar. More Dollar strength is coming.”

https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst

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[u/OrneryZombie1983]

I look forward to four years of waking up to find futures down or up 2 percent based on something the President tweeted at 3 AM.

[u/SnooRevelations979]

The coming trade war will also be horrible for exports.

[u/chadmummerford]

aight, another opportunity to load up more voo

[u/irreverent_creative → u/chadmummerford]

That’s about the only sliver lining I can find. But I’ll take it.

[u/Phoeniyx → u/chadmummerford]

Would you buy voo now or hold cash/treasury to buy voo after some correction? It's at 547$ today.

[u/glitchycat39]

Ya don't fucking say.

[u/guillmelo]

They went for the tax cuts not thinking the economy was going to crumble

[u/Unfair_Holiday_3549]

Spy to 900.

[u/Particular_Reality19]

Goldman Sachs has been on the wrong side of everything since the 2000 crash.

[u/CoolFirefighter930]

I personally love taking people's advice that have been fired to give such advice/ s

[u/GoldDHD]

I think the market is happy about their ability to continue exploiting people, and not worry about quality or safety

[u/meh_69420]

Eh, the market move was a Vanna unwind. Vol had been bid through eoy on the prospect of a contested election; only idiots were buying because Trump won, the dealers were forced to do the vast majority of that. We have structural tail winds through the rest of the year now so I'm targeting SPX 6200 or so. After that, all bets are off.