Goldman Sachs abandons its bearish near-term view on stocks, says the bottom is in
Of course this is near term. We could be having a bear market rally.
Why? “The combination of unprecedented policy support and a flattening viral curve have dramatically reduced downside risk for the U.S. economy and financial markets and lifted the S&P 500 out of bear market territory,” said Kostin, whose gloomy stock prediction from last month came the day before a complete market meltdown.