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Markets Insider: Goldman Sachs Lays Out Why This Stock Rebound Looks Like a Bear-market Rally that Could Soon Run Out of Steam

August 22, 2022
Bear Market Rally

Article by Harry Robertson in Markets Insider

Goldman Sachs has warned that the ongoing rebound in US stocks looks like a so-called bear-market rally — a false dawn that is followed by another leg lower.

Hopes that inflation is fading and that the Federal Reserve can raise rates without triggering a deep recession have boosted equities, as have stronger-than-expected corporate earnings.

Yet Goldman analysts, led by chief US equity strategist David Kostin, said ........

To read this article in Markets Insider in its entirety, click here.

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