Stock mkt still in a bear phase; see bumpy road to recovery: Goldman Sachs

One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise

Global stock markets have not seen a trough yet and are still in a bear phase, cautioned analysts at Goldman Sachs in a recent note, who expect a bumpy road to recovery till the worst is over. The three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise; economic growth is likely to weaken and valuations and positioning are not at extremes.

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