The past week was a rollercoaster ride for the financial markets, with President Donald Trump’s trade decisions taking center stage. Wall Street saw a significant bounce back from session lows following Trump’s optimistic remarks about a potential China deal.
The President’s sudden pause on tariffs also led to a surge in yields, causing experts to point to bond market panic as a key factor. Amidst the turmoil, Goldman Sachs scrapped its recession call, marking a significant U-turn in the financial landscape.
Let’s dive into the details.
Trump’s Optimism Boosts Wall Street
Wall Street managed to trim steep losses in afternoon trading on Thursday, following President Donald Trump’s optimistic remarks about reaching trade agreements, particularly with China. “Would love to be able to work a deal with China,” Trump told reporters at the White House. “I think we will end up …