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Friday, November 15, 2024

Don’t count on stocks having bottomed out yet – they could fall another 25% if further Fed tightening fuels a severe downturn, Goldman Sachs warns

Stocks haven’t bottomed out yet, and investors are underestimating the risk of a deep recession, Goldman Sachs warned Tuesday. The bank’s strategists said that a severe economic downturn could see the benchmark S&P 500 index fall to 2,888 points, or 25% below its level as of Tuesday’s closing …

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