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WALL STREET SOURS ON TRUMP: INVESTORS LOSE FAITH AMID MARKET TURMOIL
šŸ”¹72% of top Wall Street leaders say Trump’s economic plan is ineffective; 66% don’t support his policies.
šŸ”¹Stock market crash: S&P 500 fell 4.8%, Nasdaq 6%, Dow 4% after Trump announced steep ā€œreciprocal tariffs.ā€
šŸ”¹Investor sentiment plummets: ā€œPsychology has been destroyed,ā€ says Vital Knowledge founder.
šŸ”¹Tariffs on all imports start at 10%, targeting key partners more aggressively.
šŸ”¹Trump scored poorly (1.86–2.16 out of 5) on tariffs, crypto, inflation, and stock market policy.
šŸ”¹Slightly better reception for deregulation (3.08) and DOGE agency (2.96) led by Elon Musk.
šŸ”¹Consumer impact: Rising prices expected on essentials like gas and groceries.
šŸ”¹Economists warn of long-term damage to GDP and living standards—parallels drawn to 1930 Smoot-Hawley Act.
šŸ”¹UBS & Deutsche Bank forecast lower GDP growth and higher inflation.
šŸ”»"All of the optimism from last year evaporated in two short months." – Chris Zaccarelli, CIO at Northlight Asset Management
Source: Forbes Article, By Sergei Klebnikov | Forbes | April 4, 2025
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