He sees profit growth weakness most concentrated in sectors like consumer discretionary and consumer staples. First-quarter earnings estimates for both industries have declined throughout the year as inflation has picked up, according to Bloomberg Intelligence....
If the US faces a recession, he says the equity benchmark could slide further to 3, 600, though that’s not Goldman’s base-case scenario.“ The distribution of risks right now is more to the downside than the upside....
This is given t
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2022-04-01 00:00:00.0