The post US Banking Giant Issues Alert To Investors, Says Ominous ‘Warning Signal’ Now Flashing: Report appeared on BitcoinEthereumNews.com.

US banking giant Goldman Sachs just issued an alert to investors. In a new note to clients, the firm’s strategists say a series of fundamental factors suggest a market correction is on the horizon, reports Investing.com. Goldman points to declining real income growth, a slowdown in the nation’s GDP growth and weakening consumer sentiment as headwinds as the second half of the year kicks off. The strategists say stocks may be overbought, pointing to the S&P 500’s recent outsized performance compared to other markets. They also point to rising concentration in equities, with the ten largest companies in the index carrying the most weight since 1929, as an additional negative factor. Goldman’s team says the election cycle could also act as a negative catalyst in the short term. “Election concerns in the US and Europe may also hit consumer and business confidence in coming months.” Goldman says the data does not suggest an imminent long-term bear market is about to begin, pointing to a slightly expanding economy and the potential for rate cuts as a pair of positives. However, the team says it “does offer a warning signal that a correction and period of higher volatility and lower returns is now more likely.” Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets,…

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Filed under: News - @ July 3, 2024 1:12 am