Goldman Sachs has lowered its outlook for completed mergers and acquisitions volume in the US, citing tariffs as a major concern. The bank previously expected a 25% increase in M&A activity compared to 2024, but now forecasts only a 7% growth. President Trump’s imposition of tariffs on imports from Mexico, China, Canada, and the European Union has led to retaliatory measures, creating uncertainty for investors. The current macroeconomic environment is also pointing towards weakness in the IPO market, with rising trade tensions sparking a sell-off in US equities. Despite this, analysts at MoffettNathanson have upgraded Netflix to buy, citing continued growth in subscription revenues and advertising as drivers of margin expansion.
Source: https://www.cnbc.com/2025/03/17/on-second-thought-trump-wont-lead-to-a-capital-markets-boom-says-goldman.html