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One of the top three reasons why a true bear market bottom has yet to be reached, they say, is their belief that inflation and interest rates still have more room to rise.
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Markets | Indian scholarships | Goldman Sachs
Puneet Wadhwa |
Last updated on Sep 9, 2022 11:07 IST
Global stock markets have yet to bottom and are still in a bearish phase, Goldman Sachs analysts warned in a recent note, who expect a bumpy recovery until the worst is over. The top three reasons why a true bear market bottom has not yet been reached, they say, include their belief that inflation and interest rates still have more room to advance; economic growth is likely to weaken and valuations and positioning are not extreme.
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First published: Fri 09 September 2022. 11:07 IST
