The bear market is not over according to Goldman Sachs (2 min read)
Amid signs of slowing inflation, the US equity markets have rallied from its October lows, but Goldman Sachs warned that this momentum will likely fade soon. Goldman Sachs said the bear market is not over and the real recovery won’t begin until interest rates have peaked, which is expected to be in 2023. As a result, the equity markets will remain volatile and trend downwards before reaching a final low next year. Other banks have also made similar comments recently.