Goldman Sachs predicts potential setback in S&P 500, but correction more likely than bear market.

From Barchart: 2024-07-19 05:32:21

Global growth softened in Q2, but stocks saw gains on central bank easing hopes. Goldman Sachs predicts slight growth increase, neutral stance for 3 months due to weakening data and policy uncertainty. Market correction more likely than bear market, with equity drawdowns only in severe downturns historically. Central bank cuts, AI optimism may drive valuation support. Credit sector faces challenges due to higher leverage and sector composition.



Read more at Barchart: Goldman Sachs sees a ‘risk of a setback in the summer’ for S&P 500 By Investing.com