Goldman Has Three Reasons to Be Worried About Stocks This Earnings Season
Where are all of the bulls?
Why Are This Quarter's Earnings Expectations Set So Low?
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Goldman Sachs Group Inc. thinks the S&P 500 will end the year a mere 3 percent higher than where it is today, and it is even more pessimistic for the near term as first-quarter earnings season kick off in the U.S.
"Near-term risk is skewed to the downside," the team, led by Chief U.S. Equity Strategist David Kostin, said in their weekly kickstart note. There are three reasons Goldman is using a glass half empty approach.