Goldman Epiphany: Stocks, Junk Perform Worse When Econ Slowdown Dead Ends In Recession

So Goldman has something new out on Tuesday about ISM peaks and what generally happens thereafter (i.e. when things begin to "slow down"). This is one of those notes where there's a lot of ostensibly interesting color and there are plenty of pretty charts, but it's not 100% clear whether or not the analysts have actually said anything worth saying. Consider this bit for instance: Global growth momentum appears to be slowing. The ISM has likely peaked, and the US labour market has tightened furt