DJIA down 137.84 at 16945.96; S&P 500 1977.22 down 10.76
From Business Insider:
Goldman Sachs has downgraded stocks.
"We downgrade to neutral over 3 months as a sell-off in bonds could lead to a temporary sell-off in equities," write Goldman Sachs' portfolio strategy team led by Anders Nielsen. "This makes the near-term risk/ reward less attractive despite our strong conviction that equities are the best positioned asset class over 12 months, where we remain overweight."
Over the next three months, Goldman expects equities to return 1.8%, but over the next 12 months stocks still appear poised to return 10.5%....MORE
