Squawk on the Street SOTS 2nd Hour: “Liberation Day” Latest, Goldman’s Chief U.S. Economist on Stocks, & AIG CEO Talks AI 04/01/25
Apr 1, 2025
David Kostin, Goldman Sachs' chief U.S. equity strategist, shares insights on the market's recent downturn, highlighting a raised recession risk and lowered S&P target. Willie Walker, CEO of Walker & Dunlop, discusses the implications of Fannie Mae and Freddie Mac's potential privatization on the housing market. The conversation also touches on the forthcoming ‘Liberation Day’ tariffs, the struggles of the airline sector, and how AI is transforming the insurance industry.
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Tariff Impact Analysis
- Consider the impact of upcoming tariff announcements on the economy and market.
- Analyze potential scenarios and their implications for investment strategies.
Market Outlook
- Stocks experienced their worst quarter since 2022, with the S&P and Dow down.
- The economy shows mixed signals, with weakening manufacturing but rising prices.
Credit Market Signals
- Credit spreads have not widened significantly, suggesting no recession yet.
- However, it is important to monitor these for potential economic signals.