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Wall Street's Alarm on Trade Spreads With Goldman's Bear Warning

  • JPMorgan, UBS have also highlighted potential hit from dispute
  • Wall Street’s cautious comments come as U.S. stocks outperform
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While U.S. equity investors have kept their cool during this year’s escalation of trade tensions, the warnings from Wall Street are only getting louder.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. have weighed in, highlighting the potential danger to corporate America if a full-blown trade war erupts. In separate notes this week, strategists at the firms estimated the possible hit to earnings. Goldman chief strategist David Kostin went as far as to call for a bear market under a scenario where the U.S. imposed 10 percent tariffs on all imports.