Drawdown ahead? With the S&P 500 getting close to all-time highs, investors are being forced up the risk curve and taking on more risk despite deteriorating growth fundamentals -- that’s according to an investing strategy research note published by Goldman Sachs this week.
New Stock Market Crash Inevitable?
While Goldman believes that equities will remain stuck in a ‘fat and flat’-range (low returns, high volatility) for the foreseeable future until there is a significant economic development, the bank’s research analysts note that investors are becoming increasingly concerned about large drawdowns. And is easy to see why, there are plenty of catalysts that could suddenly ignite to sell off, and it will be difficult to have a sustained rally without growth...
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