Goldman Sachs CEO Soloman: Assuming the tariff structure is established and the policy is stable, it will help the market reposition in 6 to 18 months

Goldman Sachs CEO David Soloman was interviewed this morning on 4/23 to discuss the current financial market's intense volatility. He candidly admitted that the current market turbulence is due to "policy uncertainty", especially with Trump's tariffs and trade policies causing many funds to withdraw from US stocks. However, he pointed out that a clear "framework" for future tariffs would be key to restoring market confidence.

Market Chaos Signals Continue: Dollar Drops, Stocks and Bonds Fall, Gold Hits New High

Here are the recent market anomalies:

• US Stocks Decline

• Bond Yields Rise,Indicating Bond Prices Fall

• US Dollar Weakens

• Gold Prices Reach Historic High

Soloman responded that because the market feels extreme uncertainty about policy direction, funds are beginning to reassess risks and asset prices, which is the core issue.

Trade Policy Becomes Biggest Uncertainty, Funds Withdraw from US Stocks

Soloman mentioned that in the past, funds would flow into US Treasury bonds during market instability, but now the situation is different:

"Even some funds with long-term preference for dollar assets are slowly turning elsewhere."

This has caused the US dollar to weaken, which in turn affects US stocks.

Delaying Tariff Implementation is Good, But Uncertainty Increases

Regarding tariff policy, Soloman stated that temporarily suspending new tariffs is procedurally good, giving the market time to digest changes.

However, this makes businesses and investors more inclined to wait and observe, suppressing capital expenditure and long-term investment plans.

US Attractiveness Remains Strong, But Investors Need Policy Guidance

Soloman believes that despite short-term volatility, the US still has several long-term advantages:

• Leading Innovation Capabilities

• Mature Capital Markets

• Strong Financial Infrastructure

But he also candidly admitted: "People aren't unwilling to invest, they're just waiting for a clear policy roadmap."

If Tariffs Have a Clear Framework, Market Confidence May Stabilize

When asked if the market would react positively to US-China tariff implementation, Soloman answered:

"If there's an understandable tariff framework, it would be the key reference that the market truly needs."

He indicated that if policies can be stabilized, the market will gradually digest uncertainty and reposition itself over the next 6 to 18 months.

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