BofA client data shows biggest equity inflows since October

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Goldman Sachs sees 5 reasons investors should add downside protection to equity portfolios

June 21, 2023 10:44 AM EDT

Goldman Sachs analyst Cormac Connors told investors in a note Wednesday that the firm's baseline view is that the S&P 500 will rise by 3% to 4500 by year-end 2023 and will reach 4700 (+7%) in 12 months.

However, the analyst noted that some portfolio managers expect a recession to begin within the... More