Goldman Sachs warns the risk of near-term equity market pullback has risen sharply, suggesting the S&P 500’s strong run could soon face turbulence.
Spurred on by Trump and Bessent expectations for rate cuts are reaching fever pitch with markets starting to price in small chance of half point cut.
With inflation largely under control investors appear to be assuming that the US Federal Reserve will deliver a 0.25% interest rate cut in September.