American Households Likely to Sell $750 Billion in Stocks, Goldman Sachs Estimates
- Higher yields, lower personal savings to drive selling: GS
- Strategists see selling of up to $1.1t in a downside scenario
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American households will sell $750 billion of stocks this year in the first annual drop in demand since 2018, thanks to higher bond yields and lower savings, Goldman Sachs Group Inc. strategists say.
Marking an end to years of belief in TINA — that there’s no alternative to equities — households will instead boost allocation to credit and money-market assets, the team led by Cormac Conners wrote in a note.