A snippet from Goldman Sachs. I sort of thought I'd be kind to them in that headline above as the comment seems a bit obvious:
- While the market has priced more risks of a hawkish/recessionary outcome, our estimates imply that, if the Fed pushes the economy into recession, there could still be significant downside to both short-dated bonds and equities here.
Well, yeah.
Soc Gen say in the event of a mild recession they see the S&P500 potentially as low as 3200, or 2500 if the Fed carries on hiking into a recession in order to curb inflation .
I know there are some picking a stock market bottom. You know what they say about bottom pickers though. They end up with smelly fingers.
