Goldman Sachs cautions of possible volatility in US stock market for H2 of 2024
(MENAFN) Goldman Sachs strategists have issued a cautionary note regarding the outlook for the U.S. Stock market in the latter half of 2024, following a robust rally in the first half driven primarily by technology stocks. In their analysis, the strategists highlighted increasing risks for shareholders as the year progresses, citing a backdrop characterized by elevated valuations and escalating political uncertainties.
Despite these concerns, analysts sought to assuage investor apprehensions by referencing historical market trends. They noted that historically, a strong performance in the first half of the year tends to set a positive precedent for the second half. The analysts emphasized that it is uncommon for the latter half of the year to exhibit weak returns following a robust start similar to the one observed in 2024.
Investor sentiment is currently influenced by anticipation surrounding the release of minutes from the Federal Open Market Committee meeting held last month. These minutes are expected to provide insights into policymakers' assessments of future interest rate decisions, offering crucial guidance amidst evolving economic conditions and market dynamics.
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