Goldman Sachs believes “correction signals are flashing” and is advising its clients to prepare for a correction in the coming months as investors pour cash into the stock market.
“Whatever the trigger, a correction of some kind seems a high probability in the coming months,” Peter Oppenheimer, chief global equity strategist at Goldman Sachs, wrote Monday. “Our Goldman Sachs Bull/Bear Market Indicator is at elevated levels, although the continuation of low core inflation and easy monetary policy suggests that a correction is more likely than a bear market.”
Read more at CNBC News