Trump on CEO of Goldman Sachs, GS: "I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ"

Donald Trump took aim at Goldman Sachs CEO David Solomon on Tuesday, using his Truth Social account to criticize both the Wall Street executive’s economic predictions and his side gig as a DJ.

“David Solomon and Goldman Sachs refuse to give credit where credit is due,” Trump wrote, touting strong tariff revenues and a stock market hovering close to record highs. “They made a bad prediction a long time ago on both the market reaction and the tariffs themselves — and they were wrong, just like they are wrong about so much else. I think David should hire himself a new economist, or maybe just stick to DJing and leave running a major financial institution to someone else.”

Goldman Sachs declined to respond to the remarks.

Trump’s comments followed a string of earlier forecasts from Goldman’s research division. On April 9, the bank’s economists joined other major Wall Street forecasters in warning that Trump’s aggressive tariff agenda could push the U.S. economy into recession in 2025. But within hours of that prediction, Trump unexpectedly announced a 90-day suspension on a large portion of the tariffs — prompting Goldman to quickly walk back its recession call.

In the same period, Goldman’s equity strategy team, led by David Kostin, lowered its year-end target for the S&P 500 to 5,700, anticipating a negative year for the index as markets reacted to tariff news. That stance mirrored cuts from more than 10 other firms tracked by Yahoo Finance at the time. However, as equities have rebounded, Kostin and other strategists have shifted to a more optimistic outlook. Goldman now projects the S&P 500 will close the year at 6,600 — roughly 3% higher than Tuesday’s trading level — underscoring how sharply sentiment has changed since the spring.