The S&P 500 could sink 23% in a recession, so investors should consider some downside protection, Goldman Sachs says
, investors should consider some downside protection in the face of recessionary risk, Goldman Sachs said.
If a recession occurs, it would bring the index down to 3400, and it's a situation investors should be ready for, according to Goldman. Over the past months, their valuations have been pumped up by Wall Street's excitement around artificial intelligence, as these companies look to implement the new technology into their services.
Meanwhile, further upside may be limited by a crowding of bullishly positioned options, the analysts wrote. While investors were well hedged between March and May, Goldman found that many began to pay more for single stock calls in late May.
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.
Indonesia nabs nearly 500 human trafficking suspects in major crackdownIndonesian government arrests almost 500 suspects, rescues 1,500 victims in an effort to dismantle illegal networks involved in international human trafficking
Read more »
Stock Market News: S&P 500 slides, Eli Lilly’s buys Dice, missing sub latestStocks wobble following the long holiday weekend, Eli Lilly buys Dice Therapeutics for $2.4 billion, Alibaba names new CEO, housing starts and permits jump and the search continues for the missing submarine touring the Titanic wreck site. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Generac stock charges higher to pace the S&P 500 gainers after reports of widespread power outagesShares of Generac Holdings Inc. powered up 7.6% in afternoon trading, enough to pace the S&P 500’s gainers. Investors appear to be flocking to the maker of...
Read more »
ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatchES00 | A complete E-Mini S&P 500 Future Continuous Contract futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.
Read more »
S&P 500's 'FOMO' rally has upside beyond 4,500, says Bank of America chart analystA bullish cup-and-handle chart formation points the way to further gains, according to this latest reading of the market's tea leaves.
Read more »
Stock market outlook: Record highs could be hit in S&P 500 by end of year3 reasons why the stock market could hit a record high by the end of the year
Read more »