Goldman’s Bear Market Indicator Signaling Zero Returns Over Coming 12 Months
January 16, 2019 at 08:45 AM EST
Goldman Sachs’ bear market prediction metric is at 73 percent, the highest level since the late 1960s and early 1970s, according to a CNBC.com article. The elevated level has historically signaled a zero-average return over the ensuing 12 months and a “substantial” risk of drawdown, the article...