Goldman Sachs Downgrades Global Equities, Recommends Cash
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Goldman Sachs Group Inc. has become the latest bank to turn more bearish on stocks.
Goldman analysts led by Christian Mueller-Glissmann have downgraded global equities to 'neutral' over the next 12 months, recommending investors turn to cash instead. The firm also upgraded commodities to neutral as it sees oil demand rising, while sticking with an 'overweight' on corporate debt and 'underweight' on bonds.