U.S. stocks have ‘limited upside’ from here: GSAM
Written by Black Hot Fire Network on March 27, 2024
The floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Though GSAM's base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid recession, James Ashley, head of international market strategy, told CNBC on Wednesday that if a recession were to come, it would be this year.
"The Fed only began to hike in March of '22, so when we're talking about recession risks in 2023, that would have assumed a very rapid passthrough from the . . .
