Goldman Downgrades S&P 500, Stoxx 600 To Sell, Cites “Elevated Valuations And The Risk Of Shocks”

FYI.

– Goldman Downgrades S&P 500, Stoxx 600 To Sell, Cites “Elevated Valuations And The Risk Of Shocks”:

After tactfully warning clients for months that staying invested in US stocks and bonds is an unacceptable risk, overnight Goldman’s Peter Oppenheimer finally changed Goldman’s official “tactical” bias, and as of this moment recommends selling not only bonds, as well as the S&P500 and Europe’s Stoxx 600 “due to elevated valuations across assets and the risk of shocks.“

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