Goldman Warns of Bear Market, BlackRock Downgrades US Stocks
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Warnings from Wall Street strategists are piling up on the dour outlook for stocks amid President Donald Trump’s trade war.
BlackRock Inc. strategists Jean Boivin and Wei Li downgraded US equities on Monday to neutral from overweight on a three-month horizon, saying they expect “more pressure on risk assets in the near term given the major escalation in global trade tensions.”