Goldman Sachs shifts to neutral on stocks via ForexLive

Goldman Sachs is sounding an alarm on stocks with its global macro team shifting to neutral on the sector, at least over the next 3 months.

“We downgrade to neutral over 3 months as a sell-off in bonds could lead to a temporary sell-off in equities,” write Goldman Sachs' portfolio strategy team led by Anders Nielsen. “This makes the near-term risk/ reward less attractive despite our strong conviction that equities are the best positioned asset class over 12 months, where we remain overweight.”

They still see stocks returning 10.5% over the next 12 months.

posted via ForexLive