Goldman Sachs warns that the U.S. stock market could decline by about 20% due to "recession risks."
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Goldman Sachs warns that the U.S. stock market may face a nearly 20% decline risk, primarily due to the threat of an economic recession. Goldman Sachs Chief Economist Jan Hatzius expects a 45% chance of a U.S. economic recession in the next 12 months. He noted that recent economic data has been mixed, with both weak sentiment surveys and strong non-farm payroll data. Additionally, Goldman Sachs Chief Political Economist mentioned that comments from the U.S. President regarding a trade agreement with the UK could lead to higher tariffs
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