Goldman Sachs CEO David Solomon recently expressed a nuanced view on the current economic outlook, highlighting the potential for a 'soft landing' but cautioning against overconfidence. Solomon pointed out that while the upper half of the U.S. economy remains strong, there is a noticeable softening in consumer behavior, particularly in the lower tier of the economy. This softening of consumer spending raises doubts about the previously held expectations that the U.S. economy will avoid a recession. Solomon's comments come amid broader discussions on the economic forecast, with a focus on consumer behavior and its impact on recession predictions.
Goldman exec weighs in on what's next for economy https://t.co/ufVNniueOP
🔴 AUSTRALIA'S TREASURER CHALMERS: GLOBAL AND LOCAL SOFT LANDING IS ASSUMED BUT NOT ASSURED.
$SPX 6k? “US equities have entered a period of euphoria, which has proved impossible to call the top and analysts are upgrading their year-end price targets by the day given the Goldilocks and soft landing narrative from the market." @GoldmanSachs
"The Return Of YOLO Was Not On My Bingo Card For Feb" - Goldman Flows Guru Warns US Equities Have "Entered A Period Of Euphoria" https://t.co/1Fs6GJPles
Goldman Sachs CEO David Solomon throws cold water on Fed Reserve’s ‘soft landing’ inflation expectations https://t.co/fFGQ7NdIG2 https://t.co/raxwuS6F6k
Goldman Sachs CEO David Solomon says softer spending by consumers calls into question expectations that the US economy will avoid a recession https://t.co/ZTKlWT08Za
Goldman CEO: People living paycheck to paycheck are cutting back even more https://t.co/E6gFQkUvMW
Goldman Sachs Chief Executive Officer David Solomon said softer spending by consumers calls into question expectations that the US economy will avoid a recession. https://t.co/zscKDSjKhf
(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said softer spending by consumers calls into question expectations that the US economy will avoid a recession.
Goldman: "We currently estimate +90% of the S&P 500 are in open window with +95% in open window by the end of the week"
❖ GOLDMAN CEO WARNS AGAINST GETTING OVERLY CONFIDENT OF US ‘SOFT LANDING’
🔴 GOLDMAN CEO WARNS AGAINST GETTING OVERLY CONFIDENT OF US ‘SOFT LANDING’ - FT https://t.co/pu0QtzA0od
Goldman CEO Warns Against Getting Overly Confident Of US ‘Soft Landing’ - FT https://t.co/fFbrCITN4E
GOLDMAN SACHS $GS CEO: CONSUMER BEHAVIOR HAS SOFTENED, ESPECIALLY IN THE LOWER TIER OF THE ECONOMY.
GOLDMAN SACHS CEO DAVID SOLOMON JUST SAID: THE WORLD IS SET UP FOR A SOFT LANDING
"The world is set up for a soft landing...My own view is it's a little bit more uncertain than that...The upper half of the economy here in the [US] is still very strong, the lower tier of the economy, I think consumer behavior is softening a little bit." - $GS CEO David Solomon
🔴 GOLDMAN SACHS CEO: CONSUMER BEHAVIOUR HAS SOFTENED, ESPECIALLY IN THE LOWER TIER OF THE ECONOMY.
🔴 GOLDMAN SACHS CEO SOLOMON: THE WORLD IS SET UP FOR A SOFT LANDING.