Goldman Sachs calculates a worst-case recession forecast as investors dump stocks and crypto

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.