Goldman Sachs CEO spoke at a Wall Street Journal's event on Tuesday (US time).

Some points he made:

  • probability of a "soft landing", that is, a slowdown in inflation that doesn't tip the economy into recession for the US economy at 35%
  • "I would define a soft landing as we get inflation back close to 4% inflation, maybe we have a 5% terminal rate and we have 1% growth"
  • "I think there's a reasonable possibility we could navigate a scenario like that."
  • "But I also think there's a very reasonable possibility that we could have a recession of some kind"

His market outlook for 2023 includes:

  • expects stocks will be lower
  • oil lower
  • USD to rise slightly
Goldman Sachs solomon DJ

Is he still DJing?