Goldman Sachs The Markets Opportunities amidst historic volatility
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Apr 11, 2025 
Josh Schiffrin, Chief Strategy Officer and Head of Financial Risk for Goldman Sachs Global Banking & Markets, shares his expertise on navigating the current market turmoil. He discusses how tariff announcements impact inflation and economic growth, emphasizing the potential for recovery after initial declines. Schiffrin also highlights the importance of viewing market dips as buying opportunities and offers insights on the dynamics of the U.S. dollar. The conversation even touches on some fun NBA playoffs predictions!
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Tariff Impact
- Tariffs will likely increase inflation and hinder economic growth, but the extent of both remains uncertain.
- The main question is whether the economic impact will be a short-term dip or a more prolonged issue.
Market Reactions and Correlations
- Last week, markets reacted typically to growth scares, with equities down and rates rallying.
- This week, correlations broke as equities fell and interest rates rose, possibly due to risk premium adjustments.
Buying the Dip
- Buy significant dips in the market with a long-term perspective.
- Expect market volatility but remain optimistic about the market's eventual recovery in 6-12 months.