(Bloomberg) — Investors are rapidly exiting stocks, with U.S. equities seeing their biggest weekly outflows of the year as recession fears take hold. U.S. equity funds had outflows of $15.5 billion in the week through April 13, while European funds experienced a ninth straight week of outflows, Bank of America Corp. strategists wrote, citing EPFR […]
(Bloomberg) — Goldman Sachs Group Inc. strategists lowered their forecast for U.S. stock returns this year as the prospect of more aggressive monetary tightening weighs on valuations. The strategists cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. It compares with Friday’s close of 4,418.64. The […]