Here's the worst case scenario for stocks, according to Goldman, Deutsche Bank and Bank of America:
The S&P 500 could plunge to 3,000 if the economy falls into a recession in the near future, which would amount to a roughly 24% drop from the index’s current level of around 3,900, according to a recent note from Deutsche Bank’s chief U.S. equity and global strategist, Binky Chadha.
Market losses could intensify if the economy falls into a recession, notes Goldman Sachs chief U.S. equity strategist David Kostin, who puts the odds of a downturn within the next two years at 35%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s The Worst Case Scenario For Stocks, According To Goldman, Deutsche Bank And Bank Of AmericaHere's the worst case scenario for stocks, according to Goldman, Deutsche Bank and Bank of America:
Read more »
Deutsche Bank enters new era as chairman's rocky decade endsDeutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany's largest lender lost billions and saw its share price plummet.
Read more »
Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there's a recessionStocks could be in for much more pain ahead if a recession is imminent, according to Deutsche Bank's Binky Chadha.
Read more »
German bank reports EV firm Arrival running low on cash | AutocarBerenberg bank indicates that British start-up is suffering from the wider sell-off of tech stocks
Read more »
Authorities search for suspect in 3 Houston-area bank robberies since October 2021Authorities said the man has robbed banks all over town in southwest Houston, Conroe and Spring.
Read more »
Mothers' Milk Bank sees increase in demand for donor human milk due to nationwide formula shortageDue to a nationwide shortage of baby formula — caused by recent recalls and supply chain issues — many families are searching for alternatives. via IvanRodriguezTV
Read more »