Goldman Sachs just a little wary over some of the weaker economic data.
Says a US recession is not priced in
- and there are signs of a slowdown in Europe and China
- add the recent softening in the US labor market
But, says GS, equity markets are still positioned optimistically:
- cyclical stocks have underperformed during the correction
- US equity market does not appear to be pricing a recession
This article was written by Eamonn Sheridan at www.forexlive.com.
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