Goldman Downgrades Equities for the Next Three Months
The S&P 500 to fall 10 percent over the next three months, according to the bank.
Nowhere to Go but Down for Dog Days of August Markets?
This article is for subscribers only.
Bring in the bears.
The recent rally that's pushed equities to all-time highs is about to hit a speed bump, according to a new note from Goldman Sachs Group Inc. In fact, the team, led by Christian Mueller-Glissmann, expects the S&P 500 and the STOXX Europe 600 to fall roughly 10 percent over the next three months.