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Goldman CEO Says This Year’s Stock Rebound Looks Out of Step

  • Solomon sees a ‘re-balancing’ in store for the equity market
  • Job cuts at Goldman will resume starting next year, he says
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Goldman's Solomon Expects Initial 'Sharp V' Followed by Long Recovery
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The stock market rally that’s erased almost all of this year’s losses can’t be justified by corporations’ profit potential, according to Goldman Sachs Group Inc. Chief Executive Officer David Solomon.

“The equity market does seem to be a little bit ahead of my view of the future earnings performance of businesses,” Solomon said Wednesday at the Bloomberg Invest conference. “If I’m right about that, you’ll see a re-balancing of that over time.”