Goldman Sachs thinks that being defensive on stocks is the best bet headed into a 2023 that may see a long-talked about U.S. recession.
“We remain relatively defensive for the three-month horizon with further headwinds from rising real yields likely and lingering growth uncertainty,” Goldman Sachs strategist Christian Mueller-Glissmann wrote in a note to clients on Monday.
Mueller-Glissman recommended that investors go overweight (have more exposure to) cash and credit in the near-term. The…
Source link
