Goldman Sachs Warns of Froth in US Equities Amid Meme Stock Mania, Says Now’s the Time To Get Defensive
Description
Kunal Shah, Goldman Sachs International’s co-CEO and the global co-head of the fixed income, currency, and commodities business, is issuing a warning on the US stock market. In a new Goldman Sachs podcast, Shah says that despite a risk asset rally in the US and strong fundamentals supporting the uptrend, the “technicals” do not show an optimistic outlook going forward. “The risk asset rally, particularly in the US, has been fierce. That recovery from April when we had all that chaos has been str...
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