Goldman issues stock market warning ...News

The bear phase is not over yet, according to the investment bank The current rally in global stocks is temporary, according to Goldman Sachs, forecasting a market bottom in 2023. The Wall Street bank’s strategists cite “typically consistent” indicators when saying that the bear market phase is not over yet. “We continue to think that the near-term path for equity markets is likely to be volatile and down before reaching a final trough in 2023,” they wrote in a note to clients. The investment bank noted that while valuations had fallen this year, they had mostly done so in response to rising interest rates. Goldman

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