Goldman Sachs calculates a worst-case recession forecast as investors dump stocks and crypto
- Date: 16-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Goldman Sachs calculates a worst-case recession forecast as investors dump stocks and crypto
Stocks limped across the finishing line on Friday to close lower for a sixth consecutive week, a losing streak as bad as any that investors have seen over the past decade.
As gutting as that sounds, Goldman Sachs figures things could get worse. Much worse.
In a note to clients, the investment bank's equities team calculated twin full-year forecasts for the S&P 500.