CandleFocus Goldman Sachs Predicts Resilient Stock Market Despite $4 Trillion Sell-Off
2024-09-11
Author: Content Editor
Goldman Sachs Group strategists believe that the US equity market will remain resilient and a recession is unlikely. They point to factors such as the strength of the private sector and expected monetary policy easing as reasons for their optimism. Although they acknowledge potential risks, they predict that a full-blown bear market can be avoided. The strategists recommend a tactically neutral asset allocation with a slight preference for riskier assets. The note from Goldman Sachs comes after a significant sell-off in world stocks, and amidst rising US Federal debt and ongoing interest rate cuts.
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