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Goldman Sachs trader: I see that the bulls are selling off Technology stocks, and the Hedge Funds are aggressively shorting.
Goldman Sachs trader John Flood stated that when all factors are taken into account, the actual "equivalent tariff rate" in the USA will be close to 20%, significantly higher than Goldman Sachs' previous baseline assumption of 15%. "This will hinder GDP growth, push up inflation rates, and continue to pressure the USA stock market."
