Goldman Downgrades Stocks Over Next 12 Months Due To Risk Of Sharp Market Drop

by Tyler Durden
ZeroHedge.com
05/17/2016

Having pointed out the gathering storm in VIX ETPs, raised concerns of a “reasonably high probability” of a large drop in stocks, and explained how complacently short-term risk is being priced, Goldman’s portfolio strategy team have unleashed a dramatic warning. Shifting to an oveweight cash position for the next 3 months, Goldman warns “we downgrade equities to Neutral over 12 months on growth and valuation concerns. Until we see sustained earnings growth, equities do not look attractive, especially on a risk-adjusted basis.”

The Rest…HERE

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