Goldman Sachs: The stock market rally in the United States is not a fresh bull market.
Since mid-June, the S&P 500 has gained 14%, but according to Goldman Sachs, this is not enough to signify the beginning of a new bull market. The bank said that unless economic data improves swiftly, the stock market is destined for another significant sell-off that might lead to new lows. As the rate of savings continues to fall to pre-pandemic levels, high inflation might be very powerful.
