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Goldman Downgrades Equities for the Next Three Months

The S&P 500 to fall 10 percent over the next three months, according to the bank.
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Nowhere to Go but Down for Dog Days of August Markets?

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Bring in the bears.

The recent rally that's pushed equities to all-time highs is about to hit a speed bump, according to a new note from Goldman Sachs Group Inc. In fact, the team, led by Christian Mueller-Glissmann, expects the S&P 500 and the STOXX Europe 600 to fall roughly 10 percent over the next three months.