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GoldmSachs

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Traders Sentiment

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Hourly

News

Wall St Week Ahead-Stocks typically rally in December, investors have some caution this year

By David Randall NEW YORK, Nov 25 (Reuters) - Investors hoping for the year-end to bring stock market gains after a punishing year have history on their side as U.S. equities traditionally rally during the month of December, but many remain skeptical of forecasting a rise. The S&P 500 has gained an average of 1.6% during December, the highest average of any month and more than double the 0.7% gain of all months, according to data from investment research firm CFRA.
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World's biggest banks see global economy slowing more in 2023, with likely U.S. recession

Nov 21 (Reuters) - The world's largest investment banks expect global economic growth to slow further in 2023 following a year roiled by a war and soaring inflation, which triggered one of the fastest monetary policy tightening cycles in recent times. The U.S. Federal Reserve has increased interest rates by 375 basis points this year since rolling out its first hike in March.
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Wall Street Journal - Nov 23

Nov 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - A substantial amount of FTX's assets are either missing or stolen, James Bromley, counsel to the crypto exchange's new management, said in court. - Sequoia Capital apologized to its fund investors for the $150 million it lost on crypto exchange FTX.
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Goldman Sachs cuts 4Q oil forecast by $10/bbl on China 'speed bump'

Nov 21 (Reuters) - Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including a likely hit to consumption from China's COVID case spike. But the investment bank said that the China concerns were "another speed bump on the road higher," since the major consumer has indicated that this is the beginning of the end for lockdowns.
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Global equity bear market not over yet - Goldman Sachs

Nov 21 (Reuters) - Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration, a peak in interest rates and valuations lowered to reflect a likely recession. The Wall Street investment bank expects returns to be a "relatively low" 6% through the end of 2023 as investors focus on the pace of monetary policy tightening and the consequent hit to growth and earnings.
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