Reassessing U.S. growth, have U.S. stocks reached their bottom?
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Recently, the reassessment of U.S. economic growth has led to significant adjustments in the U.S. stock market. A chart from Goldman Sachs trader Mike Washington compares the trends of cyclical/defensive stocks with consensus expectations for GDP growth over the next four quarters. According to Goldman Sachs and market expectations, the decline in U.S. stocks may have reached its limit, but based on first-quarter GDP tracking data, there is still room for further decline
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