Goldman Sachs says the US equity market is on "correction watch"A note from Goldman Sachs on US stocks, comments ion brief:
- August equity-market flows are typically the slowest of the year
- markets have historically pulled back from mid-July highs
- on guard for a "late summer equity market correction" if earnings disappoint and investors begin to focus on the autumn election results
- pain trade has shifted from the upside to the downside
- buyers are full and running out of ammo after the best trading days of the year are now behind us
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs says the US equity market is on "correction watch" (https://www.forexlive.com/news/goldman-sachs-says-the-us-equity-market-is-on-correction-watch-20240711/)
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