President Donald Trump’s pricing plan is to make stock history – and Wall Street is in shock.
The series of most recent and aggressive prices of the president has fueled the worst sale on the market since 2020, leaving Wall Street on the edge while the concerns are swirling on the economic impact of prices and the growing possibility of a recession in 2025.
The actions extended their losses on Monday, the three reference indices plunging into the red and the S&P 500 briefly entering a lower market while Trump doubled on his determination to reduce the trade deficit. The term contracts were negotiated on Tuesday.
Here’s what Wall Street’s best minds said this week.
Larry Fink: the economy is probably already in recession
The CEO of BlackRock, Larry Fink. Associated Press
The United States is probably already mired in a slowdown – and the shares could fall by an additional 20% before finding a substance, said CEO of BlackRock, Larry Fink.
Fink, who spoke during an event at the New York Economic Club on Monday, added that there were more inflationary pressure on the economy than the market was cut.
However, he declared that the sale in shares looked like “an opportunity to purchase more of a sales opportunity”, adding that he did not believe that the prices created systemic risks to the economy.
Bill Ackman: The prices could trigger an “economic nuclear war”
CEO of Pershing Square, Bill Ackman. Brian Snyder / Reuters
Economic chaos is likely that Trump does not stop or will receive any prices immediately, the billionaire coverage Bill Ackman said in a position on X on Monday.
Ackman, who approved Trump during the presidential race, urged the commander to cancel the prices for 90 days to allow the United States and other countries to negotiate on commercial policy.
“If, on the other hand, on April 9, we launch the economic nuclear war in all the countries of the world, the commercial investment will stop, consumers will close their portfolios and their racks, and we will seriously damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate,” wrote the founder of Pershing Square.
In a separate position, Ackman said that his business would not empty its American actions even if fears priced triggered a massive price fall.
“We will undergo marketing losses at marketing if the market is blocking, but we will not be vendors in a declining market,” said Ackman, adding: “In the long term, we are exposed to the health of our country and its economy. It is my only” conflict “of investment if you want to call it.”
Boaz Weinstein: brace for an “avalanche” on the markets
The founder of Saba Capital Management, Boaz Weinstein. Reuters / Richard Brian
The sale of shares could get worse, said Boaz Weinstein, a famous hedge smoker and founder of Saba Capital Management. Indeed, the Trump trade war could trace the bond market and trigger a wave of bankruptcies, he told Bloomberg TV.
“This is not going to be repaired tomorrow. I think you cannot put the genius back in the bottle,” said Weinstein at the point of sale in an interview published Monday, highlighting the reciprocal rates of China and other training effects of the Trump tariff plan.
“The avalanche has just started,” he added. “The blow could be faster and the bankruptcy rate could increase much faster than other crises.”
Weinstein said it had seen a “real possibility” that the United States entered a serious recession, stressing how Smoot-Hawley’s prices have aggravated the economic situation leading to the Great Depression.
“There could be something between the two that stops the rock, but I am very concerned about an accident,” he said.
Jamie Dimon: “ war on war ” could last
Jamie Dimon, CEO of JPMorgan. Win McNamee / Getty images
In his annual letter to shareholders on Monday, the CEO of JPMorgan, Jamie Dimon, warned against the impact of prices, saying that high rights over American imports could slow growth and increase inflation.
“Recent prices will probably increase inflation and have to consider a greater probability of recession,” wrote the billionaire banker.
Dimon also mentioned Stagflation, a scenario where economic growth stagnates while inflation remains high. Economists say that such a result, which tormented the American economy in the 1970s, would be even more difficult for political decision -makers than a recession, because inflationary pressures would prevent the federal reserve from reducing interest rates to stimulate the economy.
“This rope shot can last a while, but it is good to remember that in the stagflation of the 1970s, recessions have not stopped the inexorable trend in the increase in rates,” he added.
Stanley Druckenmiller: “Simply a consumption tax”
Founder of the Duquesne family office, Stanley Druckenmiller. Reuters / Brendan McDermid
Stanley Druckenmiller reiterated his position against the prices in a post on Monday.
“I do not support prices greater than 10%, which I clearly specified in the interview that you quote,” wrote the best investor in response to another article, which presented a clip from a previous CNBC interview.
In the interview, Druckenmiller said he saw prices in “the 10%range” like “less than two ailments”, adding that he thought that rights over American imports were “simply a tax on consumption” partially paid by foreign countries.
Ray Dalio: The prices are not the real story
Trump’s prices have “very large impacts on the markets and savings”, but there should be more concentration on what caused them and even more important disruptions to come, said Ray Dalio in a LinkedIn article on Monday.
“The much larger and more important thing to keep in mind is that we see a classic break in the main monetary, political and geopolitical orders,” he wrote, adding this type of event only once in a life.
DALIO – The founder billionaire of Bridgewater Associates and the official mentor of the three co -chip investors of the hedge fund – said unbearable debt levels, gaping divisions between people, and the end of American world domination is behind the current disorder.
He also underlined increasingly disruptive acts of nature and technological innovations such as AI as key motors in current changes.
Brad Gerstner: “ nuclear style attack on global affairs
Trump went too far with his prices, leaving investors Shesshocked and the economy in danger, Brad Gerstner, founder and CEO of Altimeter Capital, told Fox Business on Monday.
Instead of precisely targeting import taxes in a few countries, the United States “eliminated the Bazooka,” he said. “These are not reciprocal rates – this is a nuclear style assault on global affairs and it will land us in a recession.”
The veteran technological investor said Trump needed to show Wall Street that he wants fair prices and does not try to relax the entire global trade system that worked very well for America. “
Gerstner added that “credit markets are starting to crack, and when this happens, we are about to throw the United States into a recession from which you cannot easily go out.” The United States cannot “simply press a button and as if by magic, everything is reset”.