Goldman Sachs warns of equity correction amid oil price shock
after close1 source ↓written by the desknot a recommendation
- 500 has dropped
- 3.2% year-to-date
- its 52-week high
- 5% below
Goldman Sachs cautions that equity correction risks remain heightened due to recent oil price shocks and geopolitical tensions. The S&P 500 has dropped 3.2% year-to-date, trading 5% below its 52-week high. The firm has adjusted its asset allocation to overweight cash, reflecting a defensive stance amid market volatility.
Not investment advice. For informational purposes only.