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Goldman Sachs says the US equity market is on "correction watch"

2024-12-30FOREXLIVEFOREXLIVE
Looking for a "late summer equity market correction" if earnings disappoint

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
Goldman Sachs

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