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Goldman Has 7 Reasons Why Stocks Didn’t Crash
Although the S&P just logged its first losing quarter since the onset of the pandemic, US equities have nevertheless been remarkably resilient in 2022, all things considered.
Yes, big-cap US tech fell into a technical bear market at the lows, but considering the backdrop, it could've been far worse. Bonds are experiencing the biggest drawdown in modern history and developed market central banks are determined to reestablish their inflation-fighting credentials with what counts as aggressive
Add, in my view:
Money fleeing fixed income that “has” to go somewhere (not just rebalancing).
Late cycle patterns of sector outperformance, which includes “secular growth” tech.
H-Man. it appears they ripped the pages out of the play book for 2007 and 2008. We all know how that turned out.