News Formal

Goldman says watch out for more drawdowns, but the risk of a bear market is still low

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Investment Strategy News

Stock Markets,S&P 500 Index,Goldman Sachs BDC Inc

'With elevated equity valuations, mixed macro momentum and rising policy uncertainty, there is the risk of more equity drawdowns,' Goldman Sachs warned.

For investors who just weathered a bout of summer turbulence, Goldman Sachs said expect more patchiness in stocks, but believes bull market will remain intact. "With elevated equity valuations, mixed macro momentum and rising policy uncertainty, there is the risk of more equity drawdowns," Christian Mueller-Glissmann, Goldman's head of asset allocation research, said in a Monday note to clients.

Investors are also grappling with the uncertainty of the Federal Reserve's interest rate policy path. Markets have been pricing in a 73% possibility of a quarter-point rate cut next week, with a one-in-four chance of an even larger 50-basis-point move, according to the CME Group's FedWatch Tool . What's more, the U.S. presidential election in eight weeks presents still more potential risk for the financial markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upsideGoldman Sachs sees several opportunities in Japan, naming the 'stocks to own' right now.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs predicts gradual drop in market volatility, sees buy opportunitiesGoldman Sachs predicts gradual drop in market volatility, sees buy opportunities
Source: Investingcom - 🏆 450. / 53 Read more »

Three food stocks to buy according to Goldman SachsThree food stocks to buy according to Goldman Sachs
Source: Investingcom - 🏆 450. / 53 Read more »

Labor market, AI key themes in US earnings calls: Goldman SachsLabor market, AI key themes in US earnings calls: Goldman Sachs
Source: Investingcom - 🏆 450. / 53 Read more »