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

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 ........

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