Bank: April 2nd Tactical Gameplan and Beyond

Founders: Expect April 2nd tariff announcements to trigger a negative surprise effect on markets

Goldman’s house view is more bearish than market expectations, clients are taking off risk because listed products are not capturing the trade fear dynamics efficiently. We share their preferred implementations ahead of April 2nd tariff announcements:

THIS IS EXCERPTED INSTITUTIONAL COMMENTARY CITING GS PROPRIETARY BASKETS FOR TRADES. IF YOU READ IT, RECOMMEND FOCUS ON THE DESCRIPTIONS, NOT THE BASKET NAMES. SPECIFIC BASKET COMPONENTS ARE CLOSELY KEPT