Markets are being valued as if a recession is all but certain despite robust economic data, according to Goldman Sachs Chief U.S. Equity Strategist.
The latest bounce in US stocks is a bear market rally and more declines lie ahead, according to Morgan Stanley strategists.
Bears coming out of hibernation at investment bank Goldman Sachs. "higher interest rates and slower economic growth than we previously assumed."
Heading into 2022, Morgan Stanley stood out on Wall Street thanks to its prediction stocks would fall in the coming year.
Rising rates, plummeting stocks and surging dollar tightened reins on economy to a point where Fed Reserve has previously cried uncle. Not this time.
US stocks have started exiting bubble territory and returns from here will be muted, according to Citigroup Inc. strategists.