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Goldman Sachs Group strategists say U.S. stocks are unlikely to enter a bear market in the next 12 months, and the economic recovery will continue to support stocks. The team, led by Andrea Ferrario, believes there is only an 18% chance of stocks falling more than 20%, even considering the risks posed by the presidential election. After surging nearly 25% in 2023, the S & P 500 is up about 20% this year, led by broader technology stocks. Despite bond gains this month...
Rainer Guntermann, research rates strategist at Commerzbank, said Bunds were likely to stabilise at the start of the week as markets awaited the Fed's decision on Wednesday. "The new downside in yields seems limited as front-end valuations look too high and in the face of very optimistic disinflationary hopes," he said. Money markets remain divided over whether the Fed will start its rate-cutting cycle by 25 basis points or 50 basis points, with Deutsche Bank economists predicting a rate cut...
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