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“Goldman Sachs says stocks will tumble 18% in the next 3 months – and lays out 6 risks it thinks investors are ignoring”

  • Goldman Sachs expects the S&P 500 to close the year 2% higher, but not before enduring an 18% plunge over the next three months.
  • The stock market’s recent leap from late-March lows is best attributed to investors’ “fear of missing out,” the team of analysts led by David Kostin wrote on Friday.
  • The S&P 500’s lofty valuation faces several near-term threats before economic stabilization in the third quarter pushes it higher, the firm added.
  • Listed below are the six risks Goldman says investors are overlooking. The firm thinks these will be responsible for pushing US stocks lower over the next three months.
  • Visit Business Insider’s homepage for more stories.

https://markets.businessinsider.com/news/stocks/stock-market-outlook-6-reasons-for-more-selling-goldman-sachs-2020-5-1029188273

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