Bear market is not over yet, and will continue in 2023, Goldman Sachs warns

Mainstay Capital Management CEO David Kudla reveals where investors can make money with interest rates going higher on 'The Claman Countdown.'may be out of luck, according to Goldman Sachs strategists, who anticipate that a recent relief rally for equities will soon come to an end.

"The bear market is not over, in our view," they wrote. "The conditions that are typically consistent with an equity trough have not yet been reached. We would expect lower valuations , a trough in the momentum of growth deterioration, and a peak in interest rates before a sustained recovery begins."

The Goldman strategists, however, noted the rebound is "not the first we have seen in this bear market." Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on May 4, 2022.

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Well yeah what you expect. All these big hedge fund keep shorting the market and making things worse.

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