Goldman Sachs says US fairness market rallies will battle to carry over the subsequent 2 weeks

US equity markets may struggle to gain meaningful traction over the next two weeks, according to strategists at Goldman Sachs.

GS attribute this to the lingering uncertainty surrounding upcoming tariffs, which are expected to take effect on April 2. With markets waiting for clarity on these levies, major stock indexes are likely to lack clear direction in the near term.

• uncertainty between here and two weeks from now means it’s going to be difficult for the market to rally substantially over that short window

Despite this, GS says its good news for the market that investors may have already priced in a significant tariff increase

• “There’s two-way risk around the announcement.”

With markets bracing for potential tariff changes, investors will be watching closely for official policy updates (Trump tweets and remarks).

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Apart from what GS are saying, the info I’ve heard about the place is that substantial rallies will be curtailed right past April 2. Traders eyeing April Opex (Friday, April 18) as a key date. Today, Friday, March 21, 2025 is Opex of course, a near term risk event.

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